Currency: What's Happening Between Indian Rupee And The US Dollar
The Indian rupee has finally broken out of its dry spell and has regained strength against the US dollar. The rupee has noted a slight price uptick as compared to the US dollar, helping the Indian currency note a higher price pedestal in the last 5 months. Also Read: Crypto Chaos: PNUT Token Owner Sparks Lawsuit Against the Community US Dollar vs. Indian Rupee: What Is Happening? Source: iStock The Indian rupee has finally broken its consistent slump against the US dollar. The INR rose by 17 paise, opening at 84.37 and closing at 84.46 in earlier trading sessions. At the same time, the bond yields also opened at 6.8268% from 6.8710% in earlier sessions as well. The surge noted in INR was primarily sparked by the massive election win that brought the Bharatiya Janata Party-led alliance, the mainstream Indian political regime, and its collaborators to win the majority of seats in the Indian state of Maharashtra in ongoing elections. The BJP-led alliance, touted as the “Mahayuti alliance,...