Rupee Rises 98 Paise to 95.75 per Dollar as RBI Curbs Demand
The rupee opened stronger against the US dollar after the RBI stepped up efforts to curb dollar demand. A new foreign-exchange rule is expected to raise costs and temper forward dollar buying, affecting forward premiums.
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03:46:48 AM UTC
SquawkNews
The Indian rupee opened at 95.76 per dollar on Monday, against Friday’s close of 96.73, gaining around 1 percent after the Reserve Bank of India (RBI) announced measures over the weekend to ease dollar demand in the spot market and curb speculative currency trades.The rebound comes after the rupee…
The rupee opened higher by 98 paise at 9…