The Indian rupee strengthened the most in seven months on Wednesday after the Reserve Bank of India aggressively sold dollars to support the currency. Stocks also gained. The RBI likely intervened at the 91/dollar level, buying $5 billion of dollars via a foreign-exchange swap on Tuesday. (Reuters) The rupee rose as much as 1%, the […]
Amid the delays of a trade deal between India and the United States, the Indian rupee continues the weaken and reached a record low of ₹90 per US Dollar (USD) on Wednesday, December 3. On Wednesday morning, the rupee weakened to a low of 90.13 for one US dollar, hitting below its previous all-time low […]
