Indian rupee breaks six-day winning streak on state banks' dollar bids
60-Word AI Digest
The Indian rupee snapped its six-session winning streak on Monday, November 9, as dollar purchases by state-run banks outweighed positive momentum. The currency touched a six-month high of 93.69 per dollar before closing slightly lower at 93.9275. Lower crude oil prices and foreign equity inflows provided some support.
Key Takeaways
- The Indian rupee snapped its six-session winning streak on Monday, November 9, as dollar purchases by state-run banks outweighed positive momentum.
- The currency touched a six-month high of 93.69 per dollar before closing slightly lower at 93.9275.
- Lower crude oil prices and foreign equity inflows provided some support.
The Indian rupee snapped its six-session winning streak on Monday, November 9, as dollar purchases by state-run banks outweighed positive momentum. The currency touched a six-month high of 93.69 per dollar before closing slightly lower at 93.9275. Lower crude oil prices and foreign equity inflows provided some support.
Original Publisher Attribution
This summary was curated from Economic Times.