Kotak Securities says strong FCNR(B) deposits, FPI inflows and stable oil prices could lift the rupee towards 94 against the US dollar.

The Indian rupee closed at 95.38 on Friday, strengthening significantly. Persistent Reserve Bank of India interventions and lower oil prices aided this currency gain. The local…

Falling gobal crude oil prices and weaker US dollar lifted rupee higher in early trade on Monday. The currency traded at a gain of 31 paise against US dollar, while drawing…