Indian Rupee Surges as RBI’s Cap on Limits Sparks Dollar Sales

India’s rupee posted its biggest gain since February after a central bank move aimed at curbing speculation triggered a rush among lenders to sell dollars, helping the local currency rebound...

By Bhaskar Dutta · Bloomberg Markets

India’s rupee posted its biggest gain since February after a central bank move aimed at curbing speculation triggered a rush among lenders to sell dollars, helping the local currency rebound from record lows.