Synopsis
Bid to Boost RupeeThis is part of a series of recent measures taken since last Saturday to arrest the rupee's slide. The currency, which remains among the worst performers against the dollar in Asia this year, ended higher Thursday at ₹95.15, in line with the near 2% surge in benchmark stock gauges.
Leading mutual fund houses have stopped accepting fresh investments into gold fund of funds (FoFs) as India steps up efforts to discourage investment demand and stem imports of the precious metal to help bolster a depreciating rupee.This is part of a series of recent measures taken since last Saturday to arrest the rupee's slide. The currency, which remains among the worst performers against the dollar in Asia this fiscal year, ended higher
Now Playing