FII inflows and booming Indian equity market may be supporting INR. I was surprised to see that RBIs forex reserves had increased even though INR appreciated.
Yeah. Most likely FII flows coming into the picture.
Rupee is now @ 81.23 , Outperformance was visible thru price action 5 days ago.
Top made in USDINR or is this just a mild pullback ? Time will tell. I’ll just follow price