India’s rupee rose by 39 paise to 82.36 against the US dollar in early trade on Thursday due to positive macroeconomic data released by the Controller General of Accounts (CGA) of the Union government on Wednesday. The data show that the fiscal deficit narrowed to 6.4% of the GDP in 2022-23, down from 6.71% in FY22. The dollar index, meanwhile, fell by 0.09% to 104.23 against a basket of six currencies, and Brent crude futures declined 1.20% to USD 72.66 per barrel.
