Rupee Stuck in Limbo While Foreign Cash Swirls Around

The Indian rupee is playing a game of keep-away against the US dollar, staying in a tight spot for now. Despite foreign investors diving back into Indian stocks, the rupee is still down about 6% this year. Experts say these cash inflows won’t give the rupee a boost, as the Reserve Bank of India has some hefty dollar bills to pay off. So, expect the rupee to just hang around where it is for now.