RBI steps in to support the rupee amid rising oil prices and concerns over a potential Fed rate hike.
The Reserve Bank of India
intervened to contain the rupee's losses on Monday, three
traders said, with the currency coming under pressure from an
oil spike, rising bets on a Federal Reserve rate hike and a
broader deterioration in risk appetite.The rupee recovered to 95.41 to the dollar after
RBI likely intervened to stabilize the rupee amid rising crude prices and geopolitical tensions, traders report.
The Reserve Bank of India likely intervened in the foreign exchange market on Tuesday to protect the rupee from pressure caused…
RBI intervenes in markets to support the rupee as it faces pressure from rising oil prices, traders report.
RBI intervenes in forex market, boosting the rupee to its strongest level in two weeks at 95.6425 per dollar.
RBI may intervene as rupee approaches record low amid rising oil prices and Middle East tensions, traders report.
The Reserve Bank of India intervened by selling dollars to prevent the rupee from reaching a record low. Surging oil prices and…
