Rupee jumps 0.5% to 94.46/$ on Jio IPO-linked inflows; elevated oil prices spur caution
· thehindubusinessline.com
The Indian currency touched its strongest level since early September, but pared gains in the second half of the session as Brent crude rose above $110 a barrel and domestic equities fell.
The Indian rupee strengthened sharply on Wednesday, helped along by foreign portfolio inflows linked to Jio Platforms' IPO while persistently elevated oil price...