Indian Exchange

In the opening trade the rupee strengthened by 15 paise, with a rise to 78.07 against the US dollar on June 16. The rupee witnesses rise by 15 paise, after the US Federal Reserve hiked interest rate by 75 basis points and signalled more rate action. With this, at the interbank foreign exchange, the rupee opened strong at 78.06 against the US dollar, and moving high in early trades.