Rupee Jumps 0.5% to 94.46 per Dollar on Jio IPO Inflows
The rupee closed up 0.5% at 94.46 against the dollar, supported by inflows linked to Jio Platforms’ IPO, while elevated oil prices kept traders cautious about further gains.
The Indian rupee strengthened sharply on Wednesday, helped along by foreign portfolio inflows linked to Jio Platforms' IPO while persistently elevated oil prices kept traders cautious about positioning for further gains in the unit.The rupee closed up 0.5% at 94.46 against the dollar after touc…