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Rupee clings to two-week high as oil slides, intervention helps cement rise
The Indian rupee experienced a significant rebound on Tuesday, intensifying to its strongest position in two weeks. The decline in oil prices and the potential intervention by the central bank played crucial roles in this uplift, with state-run banks actively selling dollars to stabilize the currency. The Reserve Bank of India showed its commitment through daily interventions since Friday, signifying its intolerance for further currency dip.
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economictimes.indiatimes.com
Rupee logs best day in over 6 weeks as RBI intervention magnifies oil slump impact
On Monday, the Indian rupee experienced its most remarkable trading day in over six weeks, thanks to decisive actions from the central bank and a notable decrease in oil prices.…
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thehindubusinessline.com
RBI intervenes to bolster rupee, traders say
RBI intervenes in forex market, boosting the rupee to its strongest level in two weeks at 95.6425 per dollar.
