Indian Rupee Strengthens After RBI's Four-Step Measures
The Indian Rupee strengthened sharply in the offshore market following the Reserve Bank of India's announcement of a four-step shock therapy to support the currency. The rupee jumped 91 paise to 95.80 against the US dollar in early trade, marking a 1% rise. These measures have drawn a line under the currency's recent volatility for now.
Bloomberg.com·



