Rupee Heads for Best Week Since March on Policy Support
The rupee extended its rally to a fifth session Friday and was headed for its steepest weekly gain in seven months, supported by central bank measures and curbs on dollar demand.
By Jaspreet Kalra, the Indian rupee extended its rally for a fifth consecutive session on Friday and was on track for its strongest weekly gain in seven months, supported by central bank measures to bolster the beleaguered currency. Regulatory curbs aimed at restraining dollar demand, along with market intervention and verbal support, …