Rupee hits six-week high on offshore, exporter flows (opens original article in a new tab)

The Indian rupee rose to a six-week high against the U.S. dollar as exporter flows and offshore dollar selling offset earlier losses driven by rising U.S. yields. Oil prices also declined, supporting the rupee's performance.

• Indian rupee hits six-week high against U.S. dollar
• Exporter flows and offshore dollar selling reversed earlier losses
• U.S. yields rose due to expected Federal Reserve rate hikes
• Brent crude prices fell 2.5% in Asian trade