Indian Currency Notes

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Indian Rupee Only Flourishing Asian Currency In March Month

Indian rupee has emerged as the only thriving Asian currency in the month of March, owing to foreign investments attracted by share-sale offers. Reportedly, $2.4-billion worth international acquisitions of local stocks and an array of initial public offerings improved rupee's stature by 1.3% this month. Public companies raising $1 billion-plus loans and the RBI allowing the currency appreciation have also been driving factors. However,… read-more

Fri, 19 Mar 2021 - 03:32 PM / by Ashly Ann Varghese

Tags: Rupee, Asian currency, risk assets, IPO, Dollar, RBI

Courtesy: Livemint