MUMBAI: The Indian rupee is expected to open largely unchanged on Thursday, holding on to the last session’s unexpected ...

The Indian rupee edged higher by 8 paise to 87.39 against the U.S. dollar in early trading on Thursday, influenced by a positive trend in domestic equities.

In simple terms, foreign banks that hold rupees for trade can now invest those funds in Indian government bonds instead of letting them sit idle. The Reserve Bank of India (RBI) today allowed ...