17:27 - 17.04.2026

---

April 17, Fineko/abc.az. The Indian rupee became the leader of growth in Asia, strengthening by 0.6% to 92.66 per dollar after the Central Bank recommended oil refineries to conduct foreign exchange transactions through the State Bank of India using a special credit line.

ABC.AZ reports that the move follows drastic measures taken by the Reserve Bank of India (RBI) last month to curb rates against the rupee.

The weakening of the currency was explained by the high demand for the dollar, while there was insufficient demand for the rupee. After the intervention of the regulator and new measures, the rupee partially recovered.