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Rupee back in red! Impact of RBI’s forex boost fades; currency breaches 96 versus dollar on rising crude prices
The Indian rupee is back in the red after having appreciated in recent weeks due to Reserve Bank of India’s (RBI) measures and intervention. The currency has given up most of the gains it recorded after the RBI and the government announced a coordinated set of measures aimed at attracting foreign capital.
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economictimes.indiatimes.com
Rupee hits one-month low as renewed Mideast conflict lifts oil prices
The Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sent oil prices surging. State-run banks…
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Rupee's forex boost fades fast, may trade at 96 levels
The Indian rupee has weakened against the US dollar after recent gains. Renewed US-Iran tensions have pushed crude oil prices higher globally. The Reserve Bank of India's…
