The Indian rupee
strengthened on Wednesday, buoyed by strength in its Asian peers
and likely dollar inflows, while traders awaited U.S. consumer
inflation data due later in the day. The.
Rupee Update: Strong selling interest on the dollar-rupee pair and relatively light demand from importers aided the rupee s gains in early trading, a foreign exchange trader at a state-run bank said.
Rupee just shy of record low, foreign banks' dollar sales support indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The Indian rupee closed stronger on Tuesday, as likely central bank intervention and an uptick in Asian peers helped it recover from last week s record lows.
The Indian rupee weakened on
Friday, pressured by dollar demand from state-run banks and
importers, but traders expect the downside to be contained as
sharp upticks on the dollar-rupee pair are likely.