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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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timesofindia.indiatimes.com
Rupee rises to 96.49 against US dollar, rising oil prices limit gains
Rupee began Thursday on a positive note, rising 0.1% against the US dollar. The currency opened at 96.49 against the greenback, compared with its previous close of 96.56, after…
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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…
