The Indian rupee today moved sharply higher against the US dollar amid an improvement in risk sentiment. Other Asian currencies have also moved higher against the US dollar.
The rupee today opened at 76.56 and moved in the range of 76.56 to 76.62 against US dollar. The rupee had closed at 76.86 per dollar in the previous session after it hit a new low of 76.87.
Indian stock market benchmark index Sensex was up over 1000 points today tracking firm Asian markets. Asian stocks gained traction today after US President Donald Trump's announced plans to gradually re-open the US economy.
Data from China showed the world's second-largest economy shrank for the first time since at least 1992 because of the coronavirus outbreak and tough