Rupee Gains Against Dollar: Strengthens to 89.96 Amid Inflows, Lower Crude

• The Rupee strengthened by 24 paise to 89.96 against the US dollar in early trade on Friday.
• Corporate dollar inflows and a decline in crude oil prices were key drivers for the Rupee's gain.
• This gain follows recent record lows for the Rupee, with the Reserve Bank of India having intervened.
• Anil Kumar Bhansali of Finrex Treasury Advisors LLP noted speculators are out, easing US dollar buying.
• Sanjeev Sanyal of EAC-PM expressed no concern over Rupee weakness, linking it to high growth phases.

Why It Matters: Rupee strengthens against dollar due to corporate inflows and lower crude, despite recent volatility.