The Indian rupee strengthened against the U.S. dollar in mid-morning deals on Tuesday on the back of a rally in regional stocks.
Market sentiment has improved as weak global manufacturing data spurred hopes of fresh stimulus from major central banks including the U.S. Federal Reserve
The rupee advanced to 54.8505 against the greenback, its highest level since June 8. The rupee thus appreciated 1.05 percentage against the greenback from Monday's close of 55.435. The next upside target level for the rupee is seen at 54.00 level.
by RTT Staff Writer
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