Rupee rises after benign U.S. inflation print, forward premiums jump
The rupee was trading at 81.4150 to the U.S. dollar by 10:50 a.m. IST, compared with 81.55 in the previous session. The local currency had opened at 81.26, its highest level in over a month.It is not a surprise that USD/INR has recovered after the open, a forex salesperson at a private sector bank said. The pair has witnessed a decent dip for importers to jump in, the trader added.
