Rupee Hits Six-Week High as Jio IPO Inflows Support Recovery
The rupee rose to 94.4925, its strongest level in six weeks, as foreign portfolio inflows linked to Jio Platforms’ IPO supported its recovery.
By Jaspreet KalraThe Indian rupee rose to its strongest level in six weeks on Tuesday, as foreign portfolio inflows related to Jio Platforms' IPO helped the currency extend a recovery spurred by a bevy of policy measures last week.The rupee FX_IDC:USDINR rose to a peak of 94.4925 before trimming ga…