💥 Rupee Rockets: Biggest One-Day Gain Since 2022!
The Indian Rupee surged 80 paise on Friday to close at ₹85.21/$, marking its strongest single-day rally since November 2022! 📈💪 🔑 What fueled the rally? 💵 Heavy dollar selling by foreign banks 📊 Strong IPO inflows boosting dollar supply 🏦 Likely RBI intervention to support the currency 🌍 Softer US Dollar index adding momentum 📉 Bullish sentiment from global analysts 💬 Investor Takeaway: A stronger rupee eases import costs, supports inflation control, and boosts foreign investor confidence.
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