Positive domestic equities market also favoured the local currency even as the outcome of the U.S. midterm elections improved global sentiment, forex traders said
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On July 9, Indian currency appreciated by just 1 paisa to close at 95.47 against the U.S. dollar
The Indian rupee appreciated for the second consecutive session, closing 17 paise higher against the US dollar. Easing crude oil prices and inflows from foreign investors contributed to the rupee's firmness. Domestic equity markets also performed well, with both Sensex and Nifty rising significantly. The dollar index experienced a decline, reflecting a weaker American currency. These factors indicated improved global sentiment following the US midterm elections.
