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Rupee hits two-month low despite RBI intervention as crude oil surge weighs
The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the central bank. Rising crude oil prices are fueling inflation concerns across the economy. The market anticipates continued volatility influenced by oil and dollar strength. The Reserve Bank of India is expected to intervene further to support the rupee.
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economictimes.indiatimes.com
Rupee weakens to two-month low as oil climbs; state-run banks cushion
The Indian rupee reached its weakest point in two months on Monday. Rising oil prices and Middle East hostilities pressured the currency's value. State-run banks sold dollars,…
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thehindubusinessline.com
Rupee hits two-month low as oil nears $90 despite RBI intervention
The rupee fell to a two-month low as Brent crude hovered near $90 amid Middle East tensions. RBI intervention helped limit losses against the dollar.
