Rupee Strengthens Against The U.S. Dollar By 13 Paise

Rupee strengthened by 13 paise to close at 81.59 on Wednesday.

Mallica Mishra

9:43 AM IST, 25 Jan 20234:02 PM IST, 25 Jan 20239:43 AM IST, 25 Jan 20234:02 PM IST, 25 Jan 2023

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Indian rupee notes. (Source: Vijay Sartape/BQ Prime)

The rupee strengthened against the U.S. dollar on Wednesday.

The local currency strengthened by 13 paise to 81.59 at the close on Wednesday. It closed at 81.72 Tuesday.

"Dollar-rupee pair is finding support around 81.35-81.10 levels, while resistance is placed around 81.85-82.05 levels," said Rahul Kalantri, vice president—commodities, at Mehta Equities in a market note.

"We suggest closely watching the levels of 81.35-81.85, either side breakout of the range could give further directions," he said.