The Indian rupee climbed, extending its biggest rally in 12 years after the central bank doubled down on measures to curb speculation against the currency. The move is likely to support the rupee, reduce FX volatility and could prompt stabilizing capital flows into Indian assets as speculative pressures are squeezed.
The Indian rupee climbed, extending its biggest rally in 12 years after the central bank doubled down on measures to curb speculation against the currency. The move is likely to support the rupee, reduce FX volatility and could prompt stabilizing capital flows into Indian assets as speculative pressures are squeezed.
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moderately positive
Sentiment Score
0.35
