The Indian rupee strengthened to close above 96 per dollar for the first time in a week, following aggressive interventions by the Reserve Bank of India. The central bank sold billions of dollars and engaged in buy/sell swaps, pushing the rupee up despite rising crude oil prices. Analysts remain cautious, predicting potential further weakening if geopolitical tensions escalate.

The Indian Rupee reached a new record low against the US Dollar on Tuesday. Elevated crude oil prices and the ongoing conflict between the US and Iran impacted the currency.…

RBI intervenes as the rupee hits a record low, pressured by high oil prices and significant foreign investor withdrawals.

The rupee fell to a new closing low of 96.83 against the dollar as persistent foreign institutional investor outflows, rising crude oil prices, and global risk aversion weighed…

The Indian rupee has crossed the Rs 100 per US dollar mark in its one-year forward rate. This comes as the spot market saw the rupee hit another historic low. Unabated dollar…

After hitting multiple record lows in past sessions, Rupee staged a comeback in early trading on Thursday, gaining 61 paise to trade at 96.25 against the US dollar. The rebound…

Rupee has remained under pressure since the Middle East conflict erupted in late February, falling nearly 6% and hitting multiple record lows against the US dollar. The currency…

Rupee strengthens after central bank intervention, but risks from rising oil prices and geopolitical tensions remain.

The Indian rupee strengthened on Thursday, marking its first gain in two weeks, following aggressive intervention by the central bank through dollar sales. A media report…

The rupee ended higher on Thursday snapping a two-week losing streak after strong intervention by the Reserve Bank of India (RBI) helped support the domestic currency, though…

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…