INR/USD: Indian Rupee Rises to Six-Week High on Jio Platforms IPO Flows
Indiaโs rupee extended its gains to a six-week high, buoyed by foreign inflows into Jio Platforms Ltd.โs initial public offering.
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Indiaโs rupee extended its gains to a six-week high, buoyed by foreign inflows into Jio Platforms Ltd.โs initial public offering.
Indiaโs fight to stabilize the rupee is starting to exact a price in the bond market, as traders ramp up bets on faster interest-rate hikes.
India is defining its tolerance for rupee weakness with the central bankโs strongest currency defense in more than a decade reinforcing 97 as the limit.
Indiaโs central bank rolled out steps including a special window to supply dollars to state-run oil companies to support the rupee.
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