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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Rupee jumps 177 paise in 2 days against dollar after RBI's strong defence before Rs 97 goal post. What lies ahead?

Reserve Bank of India Indian Rupee Oil US Dollar Jateen Trivedi JM Financial LKP Securities United States

The rupee has recorded a stellar comeback, strengthening nearly 177 paise against the US dollar in just two sessions after the RBI announced several measures to protect the falling Indian currency, although analysts highlight that the gains may be temporary amid strong macro headwinds.

The rupee jumped 82 paise on Tuesday to 94.06 against the US dollar in early trade on Tuesday. Overall, the Indian currency has gained around Rs 1.77 against the US dollar in two sessions from Friday's closing level of 96.73.

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