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Cheaper oil, RBI support fail to lift rupee amid dollar demand
The Indian rupee weakened to 95.39 against the dollar on Thursday, despite lower oil prices and central bank support. Demand from foreign banks, oil firms, and investor outflows pressured the currency. Traders noted Reserve Bank of India intervention, particularly in the morning, and offshore dollar sales. This marks a 0.45% depreciation for the rupee this financial year.
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economictimes.indiatimes.com
Cheaper oil, RBI support fail to lift rupee amid dollar demand
The Indian rupee weakened to 95.39 against the dollar on Thursday, despite lower oil prices and central bank support. Demand from foreign banks, oil firms, and investor outflows…
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theprint.in
Rupee rises 17 paise to close at 95.18 against US dollar
Mumbai, Jul 3 (PTI) The rupee appreciated 17 paise to close at 95.18 against the US dollar on Friday as the dollar index retreated from its recent 15-month high levels and…