The Indian rupee strengthened to a six-week high, buoyed by falling Brent crude prices below $80 a barrel and supportive central bank measures. Recent steps to attract dollar inflows, including tax removal on bond investments, have seen significant overseas investor participation. The rupee is expected to continue its upward trend amid optimism and anticipated inflows.
The Indian rupee has surged to a six-week high, primarily driven by Brent crude prices falling below $80 a barrel. Supportive measures by the central bank to attract dollar inflows have significantly boosted overseas investor participation. The rupee is anticipated to maintain…
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