The Indian Rupee saw its best gain since June 3, strengthening to 86.36/$1 due to a softer dollar index and a contraction in the December trade gap. The Reserve Bank of India’s interventions helped stabilize the currency after its recent all-time lows, ahead of key US inflation data.
Energy, telecom continue to draw foreign flows in Nov
Foreign investors injected significant capital into India’s energy and telecom sectors in the latter half of November, continuing a trend from earlier in the month