Rupee extends rise but falters past 95/USD on importer hedging, outflows

What happened: The Indian rupee rose for a third consecutive session amid central bank regulatory changes, reaching a peak of 94.77 before settling at 95.15 against the dollar. Key numbers: Peak 94.77, settled 95.15 per USD, third consecutive session of gains. Why it matters: Importer hedging and outflows kept dollar demand firm, limiting the rupee's advance. Investors await US consumer inflation data for signals on future interest rates.

The Indian rupee rose for a third consecutive session amid central bank regulatory changes, reaching a peak of 94.77 before settling at 95.15 against the dollar.

Importer hedging and outflows kept dollar demand firm, limiting the rupee's advance. Investors await US consumer inflation data for signals on future interest rates.