Rupee climbs 0.4% to 95.3425 on oil relief, RBI valuation comment

Rupee climbs 0.4% to 95.3425 on oil relief, RBI valuation comment

Rupee gained 0.4% to 95.34/$ Monday as Brent fell below $100 and RBI Governor Malhotra flagged the currency as undervalued after a 5.8% YTD drop. RBI's toolkit — rate hike, FX swaps, offshore issuance — signals managed defense, key for CFOs with INR exposure.