Indian rupee hits 6-month high, climbing to 82.65 vs US dollar, driven by inflows and stronger Asian peers.
The Indian rupee hit a more than six-month high on Monday, boosted by inflows and strengthening Asian peers. The rupee climbed to 82.65 against the US dollar, its highest since early-September. The Reserve Bank of India's $5 billion dollar/rupee sell/buy swap maturity will be a focus, with traders expecting the central bank to intervene if necessary to prevent a significant appreciation in the rupee.
March 11, 2024
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