Indian rupee extends rally, putting RBI's dollar-buying threshold in focus

MUMBAI: The Indian rupee extended its rally on Monday, hitting a six-month high and putting potential dollar purchases by the Reserve Bank of India in focus, with traders weighing the ‌central bank’s need to replenish forex reserves and manage sizeable short-dollar forward positions. The Indian rupee touched an intraday high of 93.70 per dollar, extending last week’s rally of more than 1%. The…

First reported by Business Recorder 35 min ago1 source

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Business Recorder05:0135 min ago
Indian rupee extends rally, putting RBI's dollar-buying threshold in focus (opens Business Recorder in a new tab)
MUMBAI: The Indian rupee extended its rally on Monday, hitting a six-month high and putting potential dollar purchases by the Reserve Bank of India in focus, with traders weighing the ‌central bank’s need to replenish forex reserves and manage sizeable…

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