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India rupee hits near four-week high on equity-related flows, RBI support; logs monthly rise
The Indian rupee hit its highest level in almost four weeks against the US dollar, buoyed by fresh investments due to stock index adjustments and central bank actions. Closing the month in the green, the currency rebounded from previous losses. Additionally, foreign bank offers tied to MSCI index inflows offered support. Experts predict that the USD/INR pair may continue to weaken in the upcoming months.
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economictimes.indiatimes.com
Rupee gains this week as dollar supply surges ahead of deposit window's close
The Indian rupee managed to finish higher on Friday, achieving a weekly upswing bolstered by a jump in dollar liquidity as a special deposit facility approaches its end. Early…
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India rupee hits near four-week high on equity-related flows, RBI support; logs monthly rise
The Indian rupee hit its highest level in almost four weeks against the US dollar, buoyed by fresh investments due to stock index adjustments and central bank actions. Closing the…
