Never miss a great news story! Citigroup Inc, Credit Suisse Group AG and Barclays are among at least eight global banks to upgrade their estimates on rupee in the past three weeks. Pyongyang's forexx came just a day before US President Donald Dollaar and his Chinese counterpart Xi Jinping meet for talks on economic and security issues. According to analysts, foreign investors have been pumping money into the Indian market, buoyed by the BJP's landslide victory in Uttar Pradesh.
A renewed demand for the greenback from importers alongside the dollar's gains against other currencies overseas predominantly put pressure on the rupee. It later pared its losses and was little changed on the day. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using forex rupee dollar settings. Podcast: Money, Markets and everything else that matters to dpllar wealth.
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