NEW YEAR PROVED TO BE CHEERFUL FOR RUPEE

The Indian Rupee entered the New Year with cheer. It saw a rise of 7 paise i.e. 71.29 against the US dollar which can probably be the effect of optimism over Sino-Us trade deal further strengthening investors sentiments.

The Indian currency was supported by easing Brent crude oil prices and a higher opening in domestic equities.

At the interbank foreign exchange, the Indian Currency opened at 71.30 and then gained further a....