Rupee sails past 95 to one-month high, premiums drop before RBI decision

The Indian rupee hit a peak not seen in a month this Wednesday, thanks to lower oil prices and a dip in the U.S. dollar value. As forward premiums fall in anticipation of the Reserve Bank of India's impending policy meeting, traders express muted expectations regarding its effect on the rupee. Essential drivers include the fluctuating oil prices, the dollar's performance, and potential RBI interventions.

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