Rupee hits six-month high as foreign investors return to Indian equities

The Indian rupee strengthened to its highest level against the US dollar in six months. Foreign investors have resumed buying Indian shares, reportedly purchasing close to $3 billion over recent days. The inflows coincide with global investors reassessing their large holdings in AI-linked technology stocks, which have recently suffered losses. Falling crude oil prices have also eased pressure on the Indian economy despite ongoing geopolitical developments.