Rupee gains most in nearly 13 years after forex curbs
Mumbai, April 3 -- The rupee staged a sharp recovery on Thursday after the Reserve Bank of India (RBI) rolled out a fresh set of forex restrictions aimed at curbing speculation, but market participants believe that the relief may be temporary amid persistent external pressures.
After a volatile session on Monday, the rupee opened sharply higher at 93.25 against the US dollar on Thursday. The local unit touched a high of 92.82, before closing at 93.1050, the highest percentage gain in a single day since September 2013.
On Friday, the rupee had hit an all-time low of 94.8325.
The appreciation of nearly 2% on Wednesday followed the central bank's 1 April announcement of a second set of measures to curb speculation. RBI targeted the rebooking o...
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.