RBI likely intervenes to support rupee amid rising crude oil prices and tensions in West Asia, traders report.
The Indian central bank likely
intervened to support the rupee on Thursday, three traders told
Reuters, as renewed hostilities in West Asia lifted oil
prices and pressured the net energy importing economy's
currency.The rupee was last at 95.49 per US dollar, up
RBI likely intervened to stabilize the rupee amid rising crude prices and geopolitical tensions, traders report.
The Indian central bank likely stepped into the foreign exchange market on Wednesday. This action aimed to curb the rupee's…
RBI's $2 billion intervention strengthens the rupee, combating recent depreciation amid rising crude oil prices and market…
The Indian rupee strengthened to close above 96 per dollar for the first time in a week, following aggressive interventions by…
The Indian rupee closed stronger on Thursday, supported by central bank intervention. Lower oil prices also helped soothe Indian…
The Indian central bank likely intervened in the foreign exchange market on Wednesday to bolster the rupee, as maturing…
