Rupee's relief rally fades as Asian currency weakness looms, despite RBI intervention and pre-market dollar selling.

The Indian rupee strengthened on Thursday, marking its first gain in two weeks, following aggressive intervention by the central bank through dollar sales. A media report…

The resumption of dollar sale by the RBI, comes around the time when the rupee opened at 96.30 in the onshore spot market.

The Indian rupee saw its steepest gains in two weeks, rebounding against the dollar after significant central bank interventions. Talk of potential interest rate hikes also…