Tuesday, 1 April 2014

Today's Indian Rupee Update

The Indian rupee posted its biggest quarterly gain since the September quarter of 2012 as heavy foreign buying of equities and debt boosted the local unit, but further gains could be capped by a cautious central bank, analysts warned.

The rupee also breached the 60-per-dollar mark for the first time in eight months, prompting the central bank to put up some stiff resistance.

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