CURRENCY MARKETS
Rupee gains 1.9% in a week, closes at 94.96 per dollar
The rupee ended the week at 94.96 per dollar after gaining 1.9%, its strongest weekly advance in seven months. RBI measures and a weaker dollar index supported the recovery.
BharatVox ·
The Indian rupee finished at 94.96 against the US dollar on Friday, October 16, gaining 1.9% over the week, Economic Times Markets reported. It was the currency’s strongest weekly rise in seven months and its first close below the 95-per-dollar mark in 38 days.
The report attributed the recovery to Reserve Bank of India measures that restrained dollar demand and improved sentiment, alongside a weaker dollar index. These factors supported the rupee despite corporate demand for dollars. The supplied report did not specify the RBI measures.
These figures reflect the source-reported closing snapshot, not a live currency quote service.
Fact-check this story · Source: Economic Times Markets: Rupee rises 1.9% in a week, closes below 95 per dollar. This AI-assisted account is based on the linked source, not independent on-the-ground reporting by BharatVox. Any opinion is separately labelled.
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