Rupee Gains Most in Emerging Markets as India Eases Bond Curbs
- Currency less exposed to concerns over China growth: Barclays
- Aberdeen, PineBridge say they'll add to Indian debt holdings
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The rupee gained the most among emerging-market currencies this month as India remained insulated from China’s economic woes and amid optimism capital inflows will rise after the nation relaxed curbs on foreign ownership of its debt.
The currency climbed 1.4 percent from Aug. 31 to 65.59 a dollar in Mumbai, prices from local banks compiled by Bloomberg show. That’s the best performance among 24 emerging-market exchange rates tracked by Bloomberg and the rupee’s biggest monthly advance since January. It rose 0.6 percent on Wednesday.