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Indian rupee to build on rally after RBI chief reinforces currency support
MUMBAI: The Indian rupee is poised to extend its rally on Wednesday after the central bank’s steps to support the currency were reinforced by the governor’s indication that further measures remain an option. The Indian rupee is expected to open in the 95.04-95.12 range, traders said, after settling at 95.28 to the dollar on Tuesday. The currency has already surged 1.5% over the past two sessions after the Reserve Bank of India rolled out a series of measures to address the dollar demand-supply imbalance that had kept the rupee under sustained pressure. In a media interview on Tuesday, RB...
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