India’s Rupee Advances Most in Asia as RBI Supports Currency


“The RBI has intervened on a day when other cues are also positive — crude has stabilized, equities are slightly positive, and dollar index has also eased,” said Dilip Parmar, currency analyst at HDFC Securities Ltd. In this backdrop, the RBI’s move will lead to hefty gains for the rupee, deterring speculators, he said. 



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