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Rupee Surges 48 Paise To Close At 94.43 Against US Dollar, Jio IPO Inflows And RBI Support Drive Strong Recovery

Rupee Surges 48 Paise To Close At 94.43 Against US Dollar, Jio IPO Inflows And RBI Support Drive Strong Recovery
Photo: Free Press Journal · view original

Mumbai: The Indian rupee strengthened sharply against the US dollar on Wednesday, October 21, gaining 48 paise to close at 94.43 (provisional). Foreign currency inflows linked to the Jio Platforms IPO and support from the Reserve Bank of India (RBI) helped the domestic currency reach a six-week h...

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