INR over 2-month high supported higher than expected FCNR (B) deposits
The Indian rupee appreciated 47 paise to 94.26 against the US dollar in early trade on Thursday, supported by much higher than expected FCNR (B) deposits mobilisation. Pull back in dollar amid halt in oil price rally on easing geopolitical tensions is also helping gains in the counter. At the interbank foreign exchange market, the…
