Rupee strengthens 177 paise in two days amid RBI's aggressive intervention
News summary
The Indian rupee appreciated 177 paise against the US dollar in two days to reach 94.06, following aggressive RBI interventions. The central bank introduced a special dollar window for oil firms and tightened forex derivative rules. The rupee settled at 95.77 on Monday and is expected to open in the 95.50 to 95.60 range, according to traders.
Sources
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