Economic TimesLean R·
Rupee posts best week in seven months, fundamentals key for lasting turnaround
This week, the Indian rupee saw an impressive 2% increase, attributed to effective policy measures designed to alleviate short-term depreciation pressures. Despite the positive movement, analysts caution that a lasting recovery is contingent upon significant improvements in the overall economic landscape. Additionally, India's merchandise trade deficit climbed to $30.21 billion in September, prompting concerns among investors about the impact of frequent foreign exchange regulations on market s…
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