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RBI backstop keeps Indian rupee stable, blunting importer dollar demand impact

The Indian rupee showed little movement on Wednesday, hovering in a narrow range. Support from the Reserve Bank of India helped mitigate the growing dollar demand from importers. The fluctuations in oil prices and Treasury yields also played a role in the currency's stability. Experts predict the rupee will maintain its position as long as oil remains below the $100 mark.

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economictimes.indiatimes.com

thehindubusinessline.com

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economictimes.indiatimes.comStai leggendo8 g fa

RBI backstop keeps Indian rupee stable, blunting importer dollar demand impact

originale

thehindubusinessline.com8 g fa

RBI backstop keeps rupee stable, blunting importer dollar demand impact

The rupee opened at 94.89 against the U.S. dollar and briefly moved higher, before trading around the ‌previous day’s close for most of the session. The currency ended at 94.97, after having settled ‌at 94.95 on Tuesday.

Timeline cronologica

mercoledì 2 settembre 2026·economictimes.indiatimes.com
RBI backstop keeps Indian rupee stable, blunting importer dollar demand impact
The Indian rupee showed little movement on Wednesday, hovering in a narrow range. Support from the Reserve Bank of India helped mitigate the growing dollar demand from importers.…
mercoledì 2 settembre 2026·thehindubusinessline.com
RBI backstop keeps rupee stable, blunting importer dollar demand impact
The rupee opened at 94.89 against the U.S. dollar and briefly moved higher, before trading around the ‌previous day’s close for most of the session. The currency ended at 94.97,…