MediumPositive
Announced Thu, 18 Jun · 15:55 IST

Rupee posts longest winning run in a year on exporter flows, bank dollar sales

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Indian rupee strengthened against the US dollar for the fifth consecutive session, marking its longest winning streak in a year. The rally was driven by aggressive dollar selling by lenders and exporters, alongside fixing-related selling and strong exporter support. Declining crude oil prices also aided the rupee's rise as it recovered from an initial dip to close higher.