Indian Rupees The Rupee began Wednesday trading in a tight range against several of its main currency counterparts. The emerging-market currency had posted gains as demand for higher-risk assets rose in response to a quelling of invasion fears in ...
The Indian rupee strengthened for a third successive session on 25 February, its biggest winning streak in two months, supported by US dollar inflows into an offshore bond sale and marginal gains in the domestic equities market.
Indian Rupees Investors might be turning to safe-haven assets in the wake of the escalating crisis in the Ukraine, but the emerging market Rupee was able to hold steady against peers like the Pound, Euro and US Dollar.
Any plan should make rupee flexibility the key defense and include measures to raise the benchmark interest rate, impose cash curbs, open foreign-exchange swap windows and raise diesel prices, the IMF said in an annual review of India's economy.
The Indian rupee rallied to its highest level in nearly three months on 6 March, tracking gains in the nation's benchmark stock market index, which struck a life-time high on steady buying by foreign investors.