The Indian currency has been on a recovery path since September 11 when it had settled at 83.99 against the American currency, a tad higher than the lowest level of 84.09 recorded on August 5.

Indian rupee further extended its gain to 83.48 as inflows from various segments continued to hit the market, and the RBI’s presence was very small, just to curb the volatility with the dollar falling against most currencies.

Indian rupee strengthens against the dollar due to Fed rate cut, positive domestic markets, and weakening greenback.