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Rupee strengthens against US dollar on Monday
Mar-27-2023
Indian rupee strengthened against the US dollar on Monday tracking positive domestic equities, even as Foreign Institutional Investors (FIIs) were net sellers in the capital market on Friday. FIIs offloaded shares worth Rs 1,720.44 crore on Friday, exchange data showed. However, concerns over the global banking system persisted, the head of the International Monetary Fund has also warned that the global economy faces risks to its financial stability because of the turmoil in the banking sector.

The partially convertible currency is currently trading at 82.36, stronger by 4 paise from its previous close of 82.40 on Friday. The currency touched a high and low of 82.3750 and 82.2750 respectively.

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