Bloomberg News

Indian Rupee Surges 2% After RBI Takes Steps to Curb Speculation

December 16, 2011

Dec. 16 (Bloomberg) -- India’s rupee surged 2 percent after the central bank announced measures to curb speculation in the currency market.

The Indian currency rose to 52.6775 per dollar as of 9:05 a.m. in Mumbai, from 53.6450 yesterday, according to data compiled by Bloomberg. It fell to an all-time low of 54.3050 yesterday.

To contact the editor responsible for this story: Anil Varma at

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