Indian Rupee Surges 2% After RBI Takes Steps to Curb Speculation
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India’s rupee surged 2 percent after the central bank announced measures to curb speculation in the currency market.
The Indian currency rose to 52.6775 per dollar as of 9:05 a.m. in Mumbai, from 53.6450 yesterday, according to data compiled by Bloomberg. It fell to an all-time low of 54.3050 yesterday.