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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 touched 95.70 against the dollar. Higher oil prices impacted the currency. Peace talks between Tehran and Washington showed little progress. The government is finalizing measures to attract foreign capital.
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Timeline cronologica
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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 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…