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

The rupee gained 0.9% to end at 94.9450 per dollar, its biggest gain since April 2. Forward premiums, the cost of hedging FX exposure, plunged to 2.67 rupees, the lowest this…

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…