Rupee records strongest week in 11 as bond inflows, softer oil prices lend support (opens original article in a new tab)

The Indian rupee recorded its strongest weekly performance in 11 weeks, rising 0.83% amid bond inflows and softer oil prices, though it ended nearly unchanged against the dollar on Friday.

• Indian rupee gained 0.83% for the week, its best performance in 11 weeks
• RBI measures and favorable oil prices supported the rupee despite dollar strength
• Foreign inflows into Indian government securities and lower oil prices aided the currency