Rupee hits 6-week high, surges 53 paise to 94.38 against dollar on Jio IPO inflows, RBI support
The rupee traded between 94.35 and 94.82 against the US dollar during the session The rupee strengthened sharply on Wednesday, rising 53 paise to close at 94.38 against the US dollar, supported by foreign currency inflows linked to Reliance Industries’ Jio Platforms IPO and intervention by the Reserve Bank of India (RBI).The recovery came despite…
