Rupee strengthens against US dollar on Monday
India, Feb. 22 -- Indian rupee strengthened against the US dollar on Monday, tracking weakness of the American currency in the overseas market as progress in curbing corona virus infections boosted sentiment for riskier assets. Further, sustained foreign fund inflows into the Indian markets too supported domestic currency. Foreign institutional investors (FIIs) bought shares worth Rs 118.75 crore on Friday, exchange data showed. Moreover, expectations for faster economic revival following the developments with the US President Joe Biden's proposed $1.9 trillion corona virus relief package too supported the rupee. Meanwhile, investors are awaiting the release of RBI Monetary Policy Committee's February meeting minutes on Monday for further c...
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