Rupee Hits Near Two-Week High as Dollar Weakens
The rupee reached 94.51 in early trading, its strongest level in nearly two weeks, as early US midterm results weighed on the dollar and data pointed to a nascent revival in foreign investors buying Indian stocks.
By Jaspreet KalraThe Indian rupee rose to its strongest level in nearly two weeks on Wednesday, as early results from US midterm elections weighed on the dollar, while data also pointed to a nascent revival in foreign investors buying local stocks.The rupee FX_IDC:USDINR touched 94.51 in early trad…