The Indian rupee rose against the U.S. dollar in evening deals on Wednesday, amid falling oil prices on the back of an increase in U.S. crude inventories last week.

Data from the American Petroleum Institute showed that the U.S. crude inventories increased by 3.294 million barrels for the week ended October 15, up from expectations for a rise of 2.23 million barrels.

A slight fall in yields on shorter-dated U.S. government bonds also supported the currency.

The Indian rupee appreciated to nearly a 2-week high of 74.84 against the greenback. The rupee is seen finding resistance around the 72.00 mark.

US Dollar vs INR (FX:USDINR)
Gráfica de Divisa
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas US Dollar vs INR.
US Dollar vs INR (FX:USDINR)
Gráfica de Divisa
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas US Dollar vs INR.