The Indian rupee strengthened to 85.40 against the US dollar, fueled by a weaker dollar index and lower crude oil prices. Moody’s downgrade of the US credit rating further pressured the dollar. Despite positive FII inflows and rising forex reserves, weak domestic equities capped the rupee’s gains as traders remained cautious of trade deficit pressures. Post navigation Godrej Properties expands land bank across India, taps Rs 26,500 crore potential through 14 land parcels Vodafone Idea shares sink nearly 9% after Supreme Court rejects AGR relief plea
