Rupee Ends at Six-Week High of 94.46, Up 46 Paise
The Indian rupee closed Wednesday at 94.46, 46 paise stronger than its previous close. Traders cited Jio Platforms IPO-related foreign portfolio inflows and a weaker dollar; the rupee has gained 230 paise since October 10.
The Indian rupee closed Wednesday at a six-week high of 94.46, gaining 46 paise from its previous close. Traders said foreign portfolio inflows linked to Jio Platforms' IPO helped extend the currency's recovery. The rupee has gained 230 paise since October 10.