Rupee rebounds on stellar foreign inflows | Editorji
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Rupee rebounds on stellar foreign inflows

Feb 22, 2021 11:19 IST

As markets continue to hover near a record high, stellar flows have kept the rupee firmly in the lead amongst emerging market currencies. Foreign investors have pumped in over $4 billion in the past month making the rupee rose to a near one-year high against the dollar. This poses a problem for the central bank as it continues its intervention to keep the rupee on a competitive footing. All eyes will remain on Friday this week as the govt releases growth data for the previous quarter which is likely to show that India has come out of the recession with a mild expansion of 0.5%.