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Indian rupee posts best month in eight on RBI measures to curb dollar demand
MUMBAI: The Indian rupee strengthened on Friday to post its best monthly gain since February, bolstered by policy measures to support the currency by curbing dollar demand even as elevated oil prices and persistent portfolio outflows keep up pressure on the unit. The Indian rupee closed at 94.95 per dollar, up from its close at 95.26 in the previous session. The currency rose about 1% month-on-month, its strongest performance since a breakthrough in US-India trade negotiations lifted the spectre of heavy tariffs and sparked a rally before conflict in the Middle East renewed pressure. Since the...
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