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. Post navigation Indo-US trade deal in works: India offers zero-for-zero tariffs on steel, auto parts, says report US service sector expands in April, ISM index beats expectations at 51.6 per cent
