Rupee rises for fourth session as dollar and oil ease
The rupee strengthened 0.1% to 95.0550 per dollar, its fourth straight session of gains. A weaker dollar, lower oil prices and a surge in stocks supported the currency; likely central bank intervention was also cited.
The Indian rupee strengthened for a fourth consecutive session on Thursday, supported by a broadly weaker dollar, lower oil prices and a surge in stocks. Likely central bank intervention also aided the currency. The rupee ended 0.1% higher at 95.0550 per dollar. It has risen…