Rupee rises to highest level vs dollar since july 2015…
The rupee has been one of the best performing currencies in the world, surging over 6 % year-to-date against the US dollar. Traders attributed the gains to heavy selling of dollars by foreign banks, with the Reserve Bank of India's decision to cut interest rates on Wednesday having only a limited impact. Reserve Bank of India (RBI) decided to cut its key policy rate, or the repo rate,...
