Rupee posts best week in seven months, fundamentals key for lasting turnaround

What happened: The Indian rupee rose 2% this week, its best week in seven months, helped by policy measures aimed at easing short term depreciation pressure. Key numbers: 2% weekly gain. India's merchandise trade deficit rose to $30.21 billion in September. Why it matters: Analysts say a lasting recovery depends on broader economic improvement. Investors are concerned that frequent foreign exchange regulations could affect market stability.

The Indian rupee rose 2% this week, its best week in seven months, helped by policy measures aimed at easing short term depreciation pressure.

Analysts say a lasting recovery depends on broader economic improvement. Investors are concerned that frequent foreign exchange regulations could affect market stability.