The Indian Rupee strengthened 0.4% against the US Dollar on Monday as the Reserve Bank of India intervened to prop up the local currency. The INR-USD exchange rate stood at 89.15 as against 89.48 in the previous close. The rupee has declined 4.5% versus the US dollar over the year so far and is among […]
The Indian Rupee (INR) has barely budged against the US Dollar (USD) over the past three weeks, prompting some traders to speculate that the Reserve Bank of India is once again tightening its grip on the currency. The RBI is keeping a close watch of the rupee’s movements and would take “appropriate steps” as warranted, […]
