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Rupee moves up after 10 days on likely RBI intervention
The Indian rupee saw its steepest gains in two weeks, rebounding against the dollar after significant central bank interventions. Talk of potential interest rate hikes also bolstered the currency, making it the strongest Asian performer. Despite underlying pressures, the rupee closed stronger, with traders anticipating further measures to protect its value.
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economictimes.indiatimes.com
Crude above $110 rattles Dalal Street; rupee sinks to lifetime low
Indian markets experienced volatility on Monday. The rupee hit a new all-time low against the dollar. Bond yields rose significantly. Technology stocks helped equities avoid a…
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Rupee finds some footing on dollar offers from state-run, foreign banks
The Indian rupee edged higher on Tuesday, recovering from an early dip near an all-time low. Dollar offers from state-run lenders and foreign banks provided support, with traders…
