Indian Rupee Hits Six-Month High Amid Market Gains
The Indian rupee surged to a six-month high, closing at 93.91 against the U.S. dollar, rising 57 paise. This marks the biggest single-day gain since October 12, with a 10% bounce from recent lows. The sharp decline in oil prices has eased concerns over India's import bill, contributing to the rupee's strength and a 5% recovery in the stock market.
The Economic Times·



