Archive · Business Recorder
Indian rupee to draw support from return of foreign flows amid tech meltdown
MUMBAI: The Indian rupee on Friday will draw support from a return of foreign capital to Indian markets after months of sustained outflows, with a technology rout offering a tailwind for capital flows into Asia’s third-largest economy. The Indian rupee has advanced 0.5% so far this week, hitting a two-week high of 94.32 in Thursday’s session before settling at 94.4750. It is expected to open largely flat, with a slight positive bias. The Indian currency, which has remained under pressure for much of the year and relied heavily on central bank intervention for support, has found relief thi...
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 →