Rupee Rises 1% After RBI Restricts Dollar Demand
The Indian rupee surged nearly 1%, reaching 95.77 against the US dollar on Monday. This rebound followed the Reserve Bank of India's move to curb speculative currency trading. The rupee opened at 95.76 per dollar, improving from the previous close of 96.73, and strengthened further to 95.5850 during the trading session.
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