The rupee jumped about 2% in early trade, rising above 93 for the first time in nearly two weeks, after the RBI introduced measures to curb FX speculation and arbitrage flows. Analysts expect the steps to trigger more onshore dollar sales as traders unwind positions. However, pressures remain as energy prices climb amid Middle East risks and political remarks from the US.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
