Rupee Closes at 95.15, Extends Winning Streak
The rupee extended gains for a third consecutive session, reaching a more than one-month high before paring some gains. Traders cited RBI measures and the unwinding of long-dollar positions as support.
Forex traders said the Indian rupee advanced for a third consecutive session, reaching its highest level in more than a month before surrendering some gains. They attributed support to Reserve Bank of India (RBI) measures and the unwinding of long dollar positions. 17 on Wednesday.