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Rupee firms, volatility expectations tick up heading into Fed decision
On Wednesday, the Indian rupee hit a three-week peak as local stocks surged, with traders adjusting their positions ahead of the Federal Reserve's decision. State-run banks contributed by selling dollars, which alleviated demand pressure amid futures expiry. However, Brent crude prices soared amidst rising tensions in the Middle East, while global share markets faced challenges, letting Indias benchmark stock index rise higher.
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economictimes.indiatimes.com
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…
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thehindubusinessline.com
Rupee's RBI-spurred rally faces twin headwinds of oil volatility, Fed uncertainty
The currency has drawn support over the last three sessions from likely intervention by the Reserve Bank of India, which traders expect will continue to underpin the currency
