Morningstar

Indian Rupee Surges to Two-Month High Against Dollar Amid Strong FCNR-B Inflows

Mumbai, September 3: The Indian rupee strengthened by 67 paise against the US dollar on Thursday, reaching its highest level in two months. This marks the largest gain for the domestic currency against the dollar since June. The surge is attributed to higher-than-expected inflows under the Reserve Bank of Indias (RBI) Foreign Currency Non-Resident (Bank) ... Read more Indian Rupee Surges to Two-Month High Against Dollar Amid Strong FCNR-B Inflows