The Indian rupee strengthened to close above 96 per dollar for the first time in a week, following aggressive interventions by the Reserve Bank of India. The central bank sold billions of dollars and engaged in buy/sell swaps, pushing the rupee up despite ris… For the full story, visit the source.
BusinessUttar Pradesh
RBI helping hand muscles breathing room for rupee, cools forward premiums
The Indian rupee strengthened to close above 96 per dollar for the first time in a week, following aggressive interventions by the Reserve Bank of India. The central bank sold billions of dollars and engaged in buy/sell swaps, pushing the rupee up despite ris…
By Reuters· The Times of India· 6 days ago· 2 min read
This summary is sourced from The Times of India. Read the full article at:The Times of India