Indian rupee posts best week in seven months, fundamentals key for lasting turnaround
MUMBAI: The Indian rupee rose 2% this week to post its biggest weekly gain in seven months, buoyed by policy measures aimed at boosting the currency, though analysts reckon a sustained turnaround hinges on an easing of underlying strains. The Indian currency...
MUMBAI: The Indian rupee rose 2% this week to post its biggest weekly gain in seven months, buoyed by policy measures aimed at boosting the currency, though analysts reckon a sustained turnaround hinges on an easing of underlying strains. The Indian currency closed at 94.96 per dollar, up 0.1% on the day. It recovered after threatening to breach its record low of 96.96 hit last week. Policymakers have moved to suppo...