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Rupee logs weekly decline, with RBI intervention curbing losses
The Indian rupee faced a challenging week, depreciating against the dollar amidst mounting tensions from the Middle East conflict. Despite this, central bank interventions and steady dollar sales by state banks helped mitigate more significant losses. With India relying on imports for about ninety percent of its oil, the economy remains susceptible to supply disruptions.
Raccontata da
economictimes.indiatimes.com
Timeline cronologica
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Rupee slips, muted price action sinks volatility expectations to five-month low
The Indian rupee weakened a bit on Thursday, primarily influenced by dollar outflows, with derivative maturities and overseas debt repayments adding to its descent. The central…
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Rupee logs weekly decline, with RBI intervention curbing losses
The Indian rupee faced a challenging week, depreciating against the dollar amidst mounting tensions from the Middle East conflict. Despite this, central bank interventions and…