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Rupee closes at near 2-month high of 94.95 to the dollar
On Tuesday, the Indian rupee achieved its strongest close in nearly two months, settling at 94.95. Factors such as dollar offers and central bank interventions via nationalized banks played a key role in this upward movement. Additionally, the robust Q1 GDP growth and Reserve Bank dollar sales contributed to its recovery.
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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.
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economictimes.indiatimes.com
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…
