 "Indian Rupee")
Even as a sharp global strengthening of the US dollar this week impacted several emerging market currencies, the Indian rupee has taken a considerably milder hit, ranking as an outperformer amongst peers.
Currency traders and analysts cited a substantial increase in foreign portfolio investment and interventions by the Reserve Bank of India (RBI) as key factors have contributed to the rupee’s resilience.
Over the past three days of trade, the US dollar Index jumped to levels last seen in mid-July, with the gauge moving up from 107.87 at the end of the previous week to 108.69 at 3:30 pm on
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