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Rupee firms as oil retreats, traders gauge flow momentum under RBI measures
The Indian rupee strengthened on Tuesday, benefiting from falling oil prices. Optimism over potential mediation in the U.S.-Iran conflict also aided sentiment. Strong inflows tied to the central bank's recent policy measures further supported the currency. These measures have attracted over twenty billion dollars in about a month. Regional Asian currencies and stocks also saw modest gains after oil prices dipped.
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economictimes.indiatimes.com
Rupee hits two-month low, oil prices remain focal point
The Indian rupee hit a two-month low on Monday as oil prices hovered around ninety dollars per barrel. In an effort to stabilize the currency, the Reserve Bank of India intervened…
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Rupee firms as oil retreats, traders gauge flow momentum under RBI measures
The Indian rupee strengthened on Tuesday, benefiting from falling oil prices. Optimism over potential mediation in the U.S.-Iran conflict also aided sentiment. Strong inflows tied…
