The Indian rupee on Wednesday strengthened for the fifth consecutive session against the US dollar in morning trade.
This mild movement of the national currency gives hope and believes to investors. Rupee is expected to grow more stronger per dollar in the later coming sessions as the reports from the WEF have also given a hike of 16 ranks to the Indian Economy.
The rupee opened at 66.44 and touched a high of 66.43 per dollar. At 9.12am, the home currency was trading at 66.45 per dollar, up 0.06% from its previous close of 66.49.
India’s benchmark Sensex index fell 0.06% or 16.02 points to 28,207.68. So far this year, it has gained 8.06%.