RBI intervenes in currency market as rupee falls due to rising oil prices and dollar outflows, traders report.

RBI likely intervened in the forex market, boosting the rupee to 94.42 per dollar amid rising oil prices.

The Indian rupee slid past ninety-five against the dollar on Wednesday, influenced by climbing oil prices that have offset recent interventions by the central bank. The situation…

RBI intervenes in currency market as rupee falls due to rising oil prices and dollar outflows, traders report.