Forex markets: Rupee rises 9 paise to close at 85.57 against...

Forex markets: Rupee rises 9 paise to close at 85.57 against dollar, FII inflows lend support amid global volatility

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The Indian rupee saw a slight appreciation to 85.57 against the US dollar, fueled by foreign investor inflows. However, rising crude oil prices and a stronger dollar curtailed further gains. Market participants are closely watching US-China trade talks and upcoming US CPI data for directional cues, expecting the rupee to trade between 85.35 and 86 in the near term.

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