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Indian rupee touches strongest since April as foreign inflows offset firm dollar
MUMBAI: The Indian rupee touched its strongest level since April on Wednesday, shrugging off a broadly stronger dollar as foreign inflows into local stocks and price action in the non-deliverable forward market supported the currency. The Indian rupee ended at 93.69 per dollar, up 0.2% on day and after touching a high of 93.6350 in afternoon trading. The unit has recovered since hitting a record low of 96.96 in May and threatening to breach it last month. It is now down about 4% year-to-date, nearly halving its losses from its worst point in the year so far. Traders pointed to broad-based doll...
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