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The Economic Times
The Economic Times
Business

EXPLAINED: Rbi intervention dollar flows push indian rupee to two month peak | Vintage Vibes

RBI United States Reserve Bank of India

The Indian rupee surged ​to a two-month high against ​the U.S. dollar on Tuesday, powered by aggressive central bank ​intervention and supported by flow-related dollar offers from foreign banks.

The rupee settled above the 95 to the dollar mark for the first time in two months, defying a ‌selloff in Asian currencies ⁠triggered ⁠by a global bond rout that deepened with Japan's benchmark bond yield hitting the key ​3% barrier for the first time in 30 years.

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