Rupee Rises on Dollar Inflows
The Indian rupee strengthened to 95.3775 against the dollar, posting a weekly gain supported by deposit-related liquidity inflows and upcoming MSCI index rebalancing. Importer demand capped early gains while markets awaited commentary from the Federal Reserve.
The Indian rupee rose 0.2% to close at 95.3775 against the dollar on Friday, securing a weekly gain of 0.3% driven by a surge in dollar liquidity. The rebound occurred as a special deposit window in India prepared to close, triggering stop-losses among traders.
