BusinessPhoto: Firstpost BusinessRupee Gains 15 Paise to 94.78 on Jio IPO and RBI Support
The Indian rupee rose 15 paise to 94.78 against the US dollar at Wednesday's open, boosted by expected dollar inflows from the Jio Platforms IPO and Reserve Bank of India intervention. Despite gains over seven sessions, the rupee faces pressure from rising crude prices and geopolitical risks. The Jio IPO saw strong institutional demand, with anchor bids exceeding 30 times the shares offered.
Firstpost Business·


