Goldman predicts capped rupee weakness after new measures to enhance foreign inflows, adjusting dollar/rupee forecasts accordingly.

Looking to preserve its foreign exchange reserves and defend the rupee, the government and the Reserve Bank of India on Friday announced several steps aimed at attracting foreign…

The rupee strengthened sharply on Friday, rising 56 paise to close at 95.18 against the US dollar after the Reserve Bank of India announced a series of measures aimed at…