Indian rupee crosses 93 against US dollar for 1st time

Rupee opens 1 pc higher against US dollar on RBI measures

The Indian rupee strengthened by over 1% in early trade after the Reserve Bank of India imposed limits on banks' net open positions in the forex market to curb speculation. The rupee rose to 93.59 per US dollar, supported by expectations of reduced dollar demand due to these restrictions. 6 days ago