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Indian rupee hits one-week low as crude surges; RBI likely steps in
The rupee fell about 0.5% to 95.7825 per dollar, tracking declines in oil-sensitive regional peers like the Indonesian rupiah, which fell to a record low, and the Philippine peso
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thehindubusinessline.com
India central bank likely selling dollars via state banks, conducting buy-sell swaps, traders say
Dollar-rupee forward premiums pulled back on account of the central bank's buy/sell swaps, with the 1-year implied yield retreating 9 basis points to 3.06%.
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economictimes.indiatimes.com
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…
