Rupee rises 44 paise to 94.92 against U.S. dollar in early trade
The Indian rupee rose 44 paise to 94.92 against the U.S. dollar in early trade, marking its fourth consecutive gain. This increase follows measures by the Reserve Bank of India to curb speculative trading, as Finance Minister Nirmala Sitharaman noted the currency's significant depreciation over the past 18 months. Continued market stability is anticipated as the rupee strengthens.