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Indian rupee extends winning streak as dollar, oil ease and stocks rally
MUMBAI: The Indian rupee strengthened for the fourth straight session on Thursday, aided by a broadly weaker dollar, lower oil prices and a surge in stocks, as well as a likely central bank intervention. The Indian rupee ended 0.1% higher at 95.0550 per dollar. The currency has risen 2% so far this week after coming near record low levels last week. Brent crude oil fell after potential US steps to ease restrictions on Russia’s “shadow fleet” tankers, though supply worries remained due to the conflicts in the Middle East and between Ukraine and Russia. Meanwhile, Indian stocks were outliers in ...
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