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Rupee hits day’s low against US dollar, recovers on RBI support
The Reserve Bank of India's interventions prevented the rupee from falling to a new record low. State-run banks sold dollars, and foreign investor inflows aided the currency's recovery. High oil prices and importer demand put pressure on the rupee throughout the day. Brent crude prices retreated after topping one hundred dollars a barrel. The rupee closed little changed, recovering from its intraday low.
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economictimes.indiatimes.com
Rupee likely shielded by RBI intervention as oil surges
The Indian rupee remained largely unchanged on Thursday. Higher oil prices and central bank actions influenced its movement. Global tensions in the Red Sea and strikes on Iran…
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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…
