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…
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Indian rupee to draw support from return of foreign flows amid tech meltdown (opens Business Recorder in a new tab)
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…
