Rupee rises but slips past 95/USD on importer hedging, outflows
The Indian rupee rose for the third consecutive session, reaching a high of 94.77 before settling at 95.15 against the US dollar. Importers continue hedging against potential rupee weakness, sustaining dollar demand. Investors await US consumer inflation data for clues on future interest rate moves amid regulatory changes by the central bank.
ET Markets·


