Rupee's Six-Day Rally Boosts Indian Crypto Buyers with Cheaper Purchases
The Indian rupee has been strengthening for six consecutive sessions, reaching ₹95.35 against the US dollar on Friday.
This rally is attributed to sustained RBI dollar selling combined with a shift in foreign portfolio investor behavior.
Foreign investors have been buying Indian equities, with ₹7,360 crore worth of shares purchased over the past three days.
Analysts expect the rupee to trade between ₹95 and ₹95.60 near term, but renewed US-Iran tensions could cap this upside.