The Indian rupee went up a little bit on Tuesday it gained 21 paise to reach 86.49 against the US dollar this happened after it had hit its lowest point ever. The rupee got stronger mostly because the US dollar got weaker and the price of oil went down also good news about India’s inflation helped.
Even though things were looking better for the rupee some things held it back foreign investors were still pulling money out of the country. The rupee started at 86.57 then moved up to 86.49 against the dollar early in the day showing a 21 paise increase from the day before.
What made the rupee move were both what was happening in the world and in India. The US dollar getting weaker and cheaper oil were good for the rupee and the good inflation numbers in India made people more confident. But the fact that foreign money is still leaving means the rupee might have trouble getting much stronger.