Rupee jumps to two-month high as RBI intervention boosts flows
The Indian rupee surged to a two-month high versus the U.S. dollar on Tuesday, driven by aggressive central bank intervention and foreign banks’ flow-related dollar offers.
By Dharamraj DhutiaThe Indian rupee surged to a two-month high against the U.S. dollar on Tuesday, powered by aggressive central bank intervention and supported by flow-related dollar offers from foreign banks.The rupee FX_IDC:USDINR settled above the 95 to the dollar mark for the first time in two…