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RBI intervention, oil price dip help rupee edge modestly higher
The Indian rupee closed stronger on Thursday, supported by central bank intervention. Lower oil prices also helped soothe Indian equities and bonds during trading. Asian currencies were mostly firmer, while the dollar index hovered near the 101 mark. Volatility expectations for the rupee increased slightly after recent Middle East fighting. Policymakers' steps to shore up dollar flows tempered depreciation wagers.
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economictimes.indiatimes.com
Rupee slips as oil prices jump, modest portfolio inflows cushion fall
The Indian rupee weakened slightly on Wednesday due to Middle East hostilities. Renewed conflict lifted oil prices, impacting risk sentiment across markets. Modest portfolio…
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thehindubusinessline.com
RBI likely selling dollars to support rupee, traders say
RBI likely intervenes to support rupee amid rising crude oil prices and tensions in West Asia, traders report.
