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Rupee ends nearly flat as central bank intervention blunts oil strain
On Thursday, the Indian rupee hovered close to a two-month low, influenced by potential intervention from the central bank to counteract rising oil prices. Brent crude oil approached the $100 per barrel mark following recent Houthi attacks, raising fears about India's economic stability. In light of these developments, investors have increasingly taken short positions against the rupee due to the mounting risks.
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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 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…
