RBI intervention, dollar flows push Indian rupee to two-month peak

The Indian rupee surged to a two-month peak against the U.S. dollar, buoyed by decisive central bank interventions and dollars flowing in from foreign banks. Positive domestic growth indicators bolstered confidence in the rupee. However, rising global bond yields and increased crude oil prices acted as constraints, while the Reserve Bank of India's focus on its FX forward book gained prominence.