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Rupee holds firm at 94.97 on RBI dollar sales
The Indian rupee remained above 95 against the dollar for a second day. Traders attribute this performance to aggressive dollar sales by the central bank. The rupee closed at 94.97, showing little movement during trading. This stability contrasted with a significant slump in equity markets. State-run banks likely sold dollars to prevent further depreciation past the 95 mark.
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thehindubusinessline.com
Rupee rises 26 paise to close at 95.17 against US dollar
The rupee gains 26 paise to close at 95.17 against the US dollar, bolstered by RBI intervention and strong forex inflows.
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economictimes.indiatimes.com
Rupee closes at near 2-month high of 94.95 to the dollar
On Tuesday, the Indian rupee achieved its strongest close in nearly two months, settling at 94.95. Factors such as dollar offers and central bank interventions via nationalized…
