The rupee surged nearly 1% after the RBI introduced steps to redirect oil companies’ dollar purchases and curb corporate demand for forward dollars. Analysts expect near-term support, but say a lasting recovery depends on crude prices, foreign investment flows and the US dollar.
The rupee surged nearly 1% after the RBI introduced steps to redirect oil companies’ dollar purchases and curb corporate demand for forward dollars. Analysts expect near-term support, but say a lasting recovery depends on crude prices, foreign investment flows and the US dollar.
<iframe src="https://hindustansphere.com/embed/cluster/121d218735d1bcc5a3dc3396379b851a76152bdd" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="INR vs USD: RBI's rupee support move shows results as Indian currency jumps 1% post dollar-demand curbs: Investors guide"></iframe>
