Rupee rises 27 paise to close at 84.30 against US dollar on lower crude, equity gains

The rupee strengthened to 84.30 against the US dollar, a 27 paise gain, fueled by lower crude oil prices and robust domestic stock market performance. Sustained foreign investor inflows further bolstered the rupee. The BSE Sensex and NSE Nifty also saw gains. India’s forex reserves increased for the eighth consecutive week, reaching USD 688.