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Lumpy Jio IPO inflows push rupee into ‘overbought’ zone just as oil renews rise

The Hindu
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The foreign inflows linked to the Jio Platforms IPO helped the rupee gain to 94.35 per dollar, from its previous close at 94.46, despite higher oil prices.

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How 2 outlets are covering it

  1. Mint
    Lumpy Jio IPO inflows push rupee into ‘overbought’ zone just as oil renews rise

    The foreign inflows linked to the Jio Platforms IPO helped the rupee gain to 94.35 per dollar, from its previous close at 94.46, despite higher oil prices.

    Read on Mint
  2. The Hindu
    Rupee strengthens for eighth consecutive day on IPO inflows; rise in crude prices cap gains

    The Indian currency earlier recorded a similar closing level on September 4

    Read on The Hindu

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