Rupee Rises to More Than One-Month High After RBI Forex Measures
The rupee reached 94.9125 per dollar on October 14, its strongest level in more than a month, and has gained around 2 percent this week. The report links the rebound to the Reserve Bank of India’s measures to curb speculation.
The Reserve Bank of India’s latest foreign-exchange measures have helped the rupee recover from last week’s lows. 9125, its strongest level in more than a month. The currency has gained around 2 percent this week as the central bank’s steps to curb speculation…