Business
Indian Rupee Posts Strongest Monthly Gain Since February After RBI Measures
India's rupee gained about 1% in October as central bank measures curbed dollar demand despite elevated oil prices.
India's rupee gained about 1% in October as central bank measures curbed dollar demand despite elevated oil prices.
India's rupee ended nearly flat against the dollar after touching a two-week low, with oil prices and central-bank activity in focus.
Former Reserve Bank of India deputy governor Michael Debabrata Patra warned that allowing the rupee to absorb global shocks unchecked can create problems for the real economy. Reuters…