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The Economic Times
The Economic Times
Business

Rupee hits six-week high on offshore, exporter flows

ING US Federal Reserve United States Oil

The Indian rupee rallied to a six-week ​high on Thursday for a ​second consecutive day, after exporter flows and offshore ​dollar selling reversed the morning's losses sparked by a hawkish Federal Reserve outcome.

The rupee hit an intraday high of 94.2175 to the U.S. dollar, the highest since ‌May 7. ⁠It was ⁠last quoted at 94.2925, up 0.25% on the day.

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