Rupee sees strongest recovery in 13 years amid volatility
after close1 source ↓written by the desknot a recommendation
- to close
- 173 paise
- to close
- ₹93.1
The rupee surged 173 paise to close at ₹93.1, its best recovery in 13 years, after the RBI tightened forex regulations. This included capping banks' forex positions and barring offshore non-deliverable forwards, leading to heavy dollar sales. However, renewed geopolitical tensions in Iran may trigger volatility in the forex market next week. ⚡
Not investment advice. For informational purposes only.