The rupee rose steadily against the dollar yesterday, breaking some near-term barriers of 44.40 per dollar. However, the dollar has gained marginal ground today on the back of fresh demand from banks and corporates.
In an interview with CNBC-TV18, Anant Narayan of Standard Chartered Bank said that the recent rally seen in rupee against the dollar has been on the back of strong foreign institutional inflows (FIIs).
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
