The Indian rupee surged to a one-month high, closing at 85.31 per dollar, fueled by optimism surrounding a potential India-US trade agreement and dollar sales from foreign banks. Intraday, the rupee touched 85.18 before suspected RBI intervention curbed further gains. Traders anticipate the rupee to fluctuate between 85 and 85.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets