The rupee ended July with a modest 0.7% decline despite a sharp rally in crude oil prices. Analysts attribute the resilience to RBI's June measures, improving capital inflows and India's comfortable forex reserves
The Indian rupee registered its strongest weekly gain since March and depreciated only 0.7 percent in July, even as Brent crude prices surged more than 20 percent during the month due to renewed hostilities in the Middle East. Analysts believe the st... [2877 chars]
Source: Moneycontrol
Read on original siteQuestions about how this affects your business? Speak with a PJRJ partner.