Rupee gains 47 paise as record FCNR inflows boost forex liquidity

On Thursday morning, the Indian rupee saw a notable rise, fueled by an influx of foreign-currency deposits that enhanced the foreign-exchange liquidity of the country. This robust support helped mitigate global economic pressures. Additionally, interventions from the Reserve Bank of India played a crucial role in the r

India draws a bumper $136 billion in forex inflows, bolstering rupee defence  Reuters