Rupee Logs Best Week in Five on RBI Support
The Indian rupee posted its strongest weekly performance in five weeks supported by robust dollar inflows and intervention by the Reserve Bank of India. The currency remained largely steady against the dollar despite rising oil prices.
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The Indian rupee logged its best weekly performance in five weeks on Friday, gaining 0.9% against the U.S. dollar, supported by aggressive intervention from the central bank. The currency finished the session largely unchanged at 94.4850 after trading in a narrow six paisa range.
