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Rupee touches six-week high on oil slump, RBI effect lingers
The Indian rupee strengthened to a six-week high, buoyed by falling Brent crude prices below $80 a barrel and supportive central bank measures. Recent steps to attract dollar inflows, including tax removal on bond investments, have seen significant overseas investor participation. The rupee is expected to continue its upward trend amid optimism and anticipated inflows.
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thehindubusinessline.com
Oil retreat hands RBI an assist in boosting rupee's near-term outlook
Oil price decline boosts the rupee's outlook, strengthening it to 94.4625 per dollar amid RBI support measures.
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economictimes.indiatimes.com
Rupee hits five-week high after oil plunges; traders eye further rally
The Indian rupee strengthened against the U.S. dollar for a second day. This rise follows a drop in oil prices and measures by the Reserve Bank of India to attract foreign…
