MediumPositive
Announced Thu, 18 Jun · 13:33 IST

Rupee hits six-week high on offshore, exporter flows

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Indian Rupee surged to a six-week high on Thursday, recovering from prior weakness driven by the Federal Reserve's hawkish monetary stance. The rally was supported by increased dollar selling from offshore participants and strong exporter flows, with the decline in global oil prices providing additional support.