Rupee Jumps 50 Paise As Govt Scraps Tax On Bonds, RBI Policy Decision To Attract Overseas Inflows (opens in new tab)

The Indian rupee became stronger by 50 paise and reached $1= ₹ 95\.24 against the US dollar on Friday after the Reserve Bank of India \(RBI\) announced new policy measures\. Forex traders said investor confidence improved following the RBI relaxed rules for Foreign Portfolio Investors \(FPIs\) to invest in government securities\. Mint is an Indian financial daily newspaper published by HT Media\. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial ne...