Indian rupee becomes Asia's top gainer after RBI tightens dollar restrictions
- The Indian rupee became Asia's top gainer, rising 0.8% to ₹95.01 against the US dollar on October 13.
- The Reserve Bank of India RBI tightened currency trading rules to reduce dollar demand and support the rupee.
- The rupee gained nearly 1% on Monday, followed by another strong rise on Tuesday amid RBI interventions.
- Despite the recovery, the rupee remains down over 5% this year due to high oil prices and foreign investor outflows.
Source: ndtv.com
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