Rupee Bounces From Worst Asia Currency on Flood of Stock Inflows
- Technical charts point to rupee rising to 72 per dollar level
- GDP data on Friday expected to show India exiting a recession
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The Indian rupee is turning a corner, as massive inflows into the nation’s stock markets help the currency break past the central bank’s intervention barrier.
Asia’s weakest currency last year is now among its best performers. The rupee has gained 0.6% this year against the dollar, and there are signs it could keep rallying.