Rupee Steady at 85.79 Against U.S. Dollar in Early Trade
The Indian rupee remained stable at 85.79 against the U.S. dollar in early trading on January 6 as currency markets showed little movement despite global economic uncertainties. The rupee opened flat in the session, holding steady after fluctuations in the previous week. Experts attributed the stability to a balance between dollar demand from importers and foreign fund inflows. The Indian currency has been under pressure in recent months due to rising oil prices and global interest rate hikes, but the Reserve Bank of India’s (RBI) intervention is believed to be…