Rupee Recovers By 29 Paise Against US Dollar Amid Easing Crude Prices

INSUBCONTINENT EXCLUSIVE:
INR Vs USD: Better-than-expected macro economic data helped the rupee.MUMBAI: The rupee recovered by 29 paise to 72.60 against the US
currency in early trade Tuesday, owing to easing global crude oil prices and better-than-expected macro economic data on the domestic front
Besides, fund inflows by foreign investors and the US dollar's weakness against some currencies overseas also supported the domestic unit,
dealers said
At the Interbank forex market, the rupee opened with strength at 72.81 and advanced to 72.60 against the dollar, showing a rise of 29 paise
production measured in terms of Index of Industrial Production (IIP) was 4.1 per cent in September 2017
Meanwhile, the international benchmark, Brent crude slipped below the $70-mark by falling 0.84 per cent, to $69.53 a barrel in Asian trade
early trade.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated
feed.)