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RBI likely intervenes to limit rupee's fall: Traders
The Indian central bank likely stepped into the foreign exchange market on Wednesday. This action aimed to curb the rupee's decline. Renewed U.S.-Iran hostilities pushed crude oil prices higher. Brent crude rose about one percent to nearly ninety-seven dollars per barrel. The rupee was trading at ninety-five point forty-seven per dollar, down zero point two percent.
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thehindubusinessline.com
RBI’s intervention contains rupee's fall, shrinks dollar-rupee forward premiums
Despite the interventions, traders reckon the pressure on the rupee will persist in the near term as capital flows remain weak and uncertainty over the Middle East conflict…
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economictimes.indiatimes.com
Rupee slips 29 paise to 95.27, RBI steps in to arrest slide
The Indian rupee weakened by 29 paise to close at 95.27 against the dollar on Tuesday, pressured by foreign investor outflows and high crude oil prices. The Reserve Bank of…
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RBI likely intervenes to limit rupee's fall, traders say
RBI likely intervened to stabilize the rupee amid rising crude prices and geopolitical tensions, traders report.
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RBI likely intervenes to limit rupee's fall: Traders
The Indian central bank likely stepped into the foreign exchange market on Wednesday. This action aimed to curb the rupee's decline. Renewed U.S.-Iran hostilities pushed crude oil…
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Rupee dented by oil price jump, equity weakness; likely RBI intervention caps losses
Uncertainty over the next chapter in the US-Iran war has also injected significant complexity in the Reserve Bank of India’s monetary policy decision due on Friday
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Rupee falls amidst gulf tensions and rising oil prices
The Indian rupee weakened against the US dollar on Wednesday. This decline was driven by escalating tensions in the Gulf region and a subsequent rise in oil prices. The rupee…