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.