Rupee Gains Most in Three Weeks as Indian Economy Set to Rebound
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India’s rupee rallied the most in more than three weeks on optimism slowing inflation and prospects of an economic revival will attract capital inflows.
The currency rebounded from a one-month low as Brown Brothers Harriman & Co. said investors should consider purchasing the rupee as India’s economic fundamentals are improving. Inflation slowed to a three-year low of 6.62 percent in January and the Reserve Bank of India cut interest rates last month for the first time since April.