Archive · Business Recorder
Indian rupee extends rise but falters past 95/USD on importer hedging, outflows
MUMBAI: The Indian rupee rose for a third consecutive session on Wednesday to hit a more than one-month peak as the central bank followed up tough regulatory measures with hawkish commentary. However, the gains were capped below the 95 per dollar mark as dollar demand linked to importer hedging and portfolio outflows persisted. The rupee climbed to a peak of 94.77 in early trading before settling 0.1% higher at 95.15. “A durable turnaround in the currency will also require negative global triggers to subside. The latest announcements may not fully quell speculation over further policy action,”...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →