Rupee opening rally fades as oil risks lift importer dollar demand
On Thursday, the USD/INR opening rally faded as banks with large importer client books bought dollars, offsetting optimism tied to one-off inflow measures, traders said. USD/INR was 94.46 per dollar at 1.04 p…
By Nimesh VoraThe Indian rupee's opening rally on Thursday faded slightly as banks with large importer client books stepped in to buy dollars, traders said, offsetting a part optimism sparked by parked by hefty inflows from one-off measures.The rupee FX_IDC:USDINR was at 94.46 per dollar at 1.04 p…