Rupee stages strong comeback in July as one of top EM performers - Economic Times

During the day's trading, three large foreign banks were seen selling dollars and the exercise, dealers said, was linked to the proposed capital infusion into a private bank. Yes Bank has said it will raise about $1.1 billion from global private equity funds …

Mumbai: The rupee staged a dramatic turnaround over the past two weeks after hitting a lifetime low on July 21, reflecting robust fundamentals of the Indian economy. These ensured a much-awaited tr… [+3669 chars]

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