The Indian Rupee strengthened to a 10-week high of 94.46 against the US Dollar, driven by strategic RBI interventions and increased foreign capital inflows.
The currency gained 5 paise in early trade, reflecting improved market sentiment as the central bank manages liquidity to stabilize the forex market.
Analysts suggest the rupee's appreciation could lower import costs for households, though the RBI remains cautious about maintaining export competitiveness.