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The Economic Times
The Economic Times
Business

Rupee closes at 94.96 vs USD, logs best day in three weeks on NDF dollar sales, bailing shorts

ING United States

The Indian rupee notched its biggest single-session gain ​in three weeks on ​Tuesday, boosted by a spurt in dollar selling in ​the non-deliverable forward market, which also prompted traders wagering against the currency to exit positions.

The rupee ended at 94.9675 per dollar, up 0.4% from its previous close, after ‌oscillating between modest ⁠gains ⁠and losses in early trading.

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