Indian Rupee Hits Six-Week High on Jio IPO-Linked Inflows
The rupee rose to a peak of 94.4925 on Tuesday, supported by foreign portfolio inflows related to Jio Platforms' IPO.
The Indian rupee climbed to a six-week high on Tuesday, with foreign portfolio inflows linked to Jio Platforms' IPO extending a recovery prompted by a series of policy measures last week. It reached 94.4925, then pared some gains and was last quoted at 9…