Rupee set for gains after $127 bln NRI deposit mobilisation
The rupee is set to extend its recent rally after India mobilised $127 billion via foreign-currency non-resident bank deposits, exceeding market expectations and boosting RBI capacity to support the currency.
By Nimesh VoraThe Indian rupee is set to add to its recent rally on Thursday after a massive $127 billion mobilisation through foreign-currency non-resident bank deposits far exceeded market expectations, bolstering the central bank's capacity to support the currency.The rupee FX_IDC:USDINR is exp…