Indian rupee closes at 10-week high as RBI scheme draws dollar inflows
USD/INR closed 0.5% higher at 94.4850, marking a 10-week closing high. The move was supported by stronger-than-expected dollar inflows under the RBI’s special scheme, with importer demand limiting earlier gains.
By Dharamraj DhutiaThe Indian rupee notched a 10-week closing high on Thursday, buoyed by stronger-than-expected dollar inflows under the central bank's special scheme, even as importer demand pared some of the currency's earlier gains.The rupee FX_IDC:USDINR closed 0.5% higher at 94.4850 per U.S…