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Rupee gains to 94.27 vs USD as RBI measures bring in bumper $136 billion
India's rupee has seen a remarkable increase following a significant capital boost from the Reserve Bank of India, which successfully raised over 136 billion dollars through its specialized programs. This substantial financial inflow empowers the central bank to robustly guard the rupee. Consequently, the rupee has emerged as the second-best currency performer in Asia over the last month, a response to recent outflows aimed at bolstering its value.
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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.
