The Indian rupee experienced its strongest single-day gain since May, closing at 89.27 per dollar, up 97 paise. This rebound followed a period of record lows, driven by aggressive Reserve Bank of India intervention and corporate dollar inflows. The central bank's proactive measures appear to have countered speculative attacks, shifting the short-term outlook for the rupee.
- News Source Indiatimes (Click to view full news): CLICK HERE
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