Rupee Sees Largest Single-Day Recovery Since October 15

The Indian Rupee saw a strong recovery, closing at 90.38 per dollar, marking its biggest single-day gain since October 15.

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Rupee Sees Largest Single-Day Recovery Since October 15

Rupee Sees Largest Single-Day Recovery Since October 15
The Indian Rupee witnessed its largest single-day recovery since October 15, closing at 90.38 per dollar. This rebound followed a period of sharp declines and is attributed to the Reserve Bank of India's market interventions. Analysts suggest that while the recovery is significant, the rupee's future trajectory will depend on global market conditions and domestic economic policies.
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  • Reserve Bank of India