BusinessPhoto: Mint MarketsRupee Rises 1% After RBI Limits Dollar Demand
The Indian rupee surged nearly 1% following the Reserve Bank of India's measures to redirect oil companies' dollar purchases and restrict corporate demand for forward dollars. Analysts predict short-term support for the rupee, but a sustained recovery will depend on crude oil prices, foreign investment flows, and the strength of the US dollar.
Mint Markets·



