Rupee gains after $136.4 billion one-off funding; risks ahead
The rupee climbed to a two-month high after $136.4 billion was raised through one-off measures, improving the currency’s outlook as renewed U.S.-Iran conflict lifted crude prices and pressured global bonds.
By Nimesh VoraThe Indian rupee climbed to a two-month high on Thursday after a much larger-than-expected $136.4 billion raised through one-off measures improved the currency's outlook at a time when renewed U.S.-Iran conflict has pushed crude oil prices higher and contributed to a global bond sell…