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RBI intervention, dollar flows push Indian rupee to two-month peak
The Indian rupee surged to a two-month peak against the U.S. dollar, buoyed by decisive central bank interventions and dollars flowing in from foreign banks. Positive domestic growth indicators bolstered confidence in the rupee. However, rising global bond yields and increased crude oil prices acted as constraints, while the Reserve Bank of India's focus on its FX forward book gained prominence.
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economictimes.indiatimes.com
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…
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thehindubusinessline.com
RBI intervention, dollar flows push rupee to two-month peak
The currency ended at 94.9500, up 0.2% from the previous close, notching its third consecutive daily rise.
