Indian rupee touches strongest since April as foreign inflows offset firm dollar

MUMBAI: The Indian rupee touched its strongest level since April on Wednesday, shrugging off a broadly stronger dollar as foreign inflows into local stocks and price action in the non-deliverable forward market supported the currency. The Indian rupee ended at 93.69 per dollar, up 0.2% on day and after touching a high of 93.6350 in afternoon trading. The unit has recovered since hitting a record…

First reported by Business Recorder 16 min ago1 source

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Business Recorder10:3616 min ago
Indian rupee touches strongest since April as foreign inflows offset firm dollar (opens Business Recorder in a new tab)
MUMBAI: The Indian rupee touched its strongest level since April on Wednesday, shrugging off a broadly stronger dollar as foreign inflows into local stocks and price action in the non-deliverable forward market supported the currency. The Indian rupee ended…

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