Rupee hits six-week high on RBI measures and dollar inflow hopes (opens original article in a new tab)

The Indian rupee rose to a six-week high of 94.29 against the dollar amid expectations of increased dollar inflows and RBI measures, though it remained weaker than its February level.

• Rupee closed at 94.53 per USD on Wednesday, up 1.3% from previous close
• RBI measures and expected dollar inflows boosted rupee, with FCNR-B deposits seeing higher interest rates
• Rupee hit six-week high of 94.29 amid falling global crude prices and potential US-Iran deal