The Indian Rupee Just Had Its Best Day In 4 Years

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The Indian Rupee Just Had Its Best Day In 4 Years

The Indian rupee rollercoaster ride continues.

After booking its biggest loss in years 18 years, the rupee surged 3.2% against the dollar today. This was the biggest gain since May 2009.

Late Wednesday, the Reserve Bank of India said it will enter into USD-INR swaps with state-owned oil-marketing companies.

Read the source article at Business Insider

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