INR climbs to one-month high; extends gains for fourth straight day in row
Mumbai, Oct. 14 -- The Indian rupee appreciated 19 paise to close at 95.17 (provisional) against the US dollar on Wednesday, registering the fourth straight session of gain, supported by Reserve Bank of India interventions designed to ease near-term dollar demand and limit speculative foreign exchange exposure. The Indian rupee rose to a one-month high on RBI's measures to curb speculative bets. A weak dollar and easing of US Treasury yields also aided the rupee. However, weak domestic markets capped sharp gains. At the interbank foreign exchange market, the rupee opened at 95.05 against the US dollar; in intraday trade, the rupee touched a high of 94.76 and a low of 95.19 against the greenback. Indian shares ended modestly lower on Wedne...
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