Rupee Extends Rally After Biggest Surge in 12 Years on RBI Moves


The rupee rose 0.3% to 92.8363 to a dollar on Monday, adding to the 1.8% jump on Thursday, the steepest since September 2013. It may gain further toward the 91.50—92 range as banks unwind their dollar positions ahead of the April 10 deadline, said Amit Pabari, managing director at CR Forex. Local markets were shut for the Good Friday holiday.



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