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Rupee weakens to 95.44 against dollar amid rising import bill and crude oil prices
The Indian rupee declined further against the US dollar today. Rising Brent crude oil prices and foreign equity outflows pressured the local currency. This marks the third consecutive day of significant depreciation for the rupee. The Reserve Bank of India intervened by conducting dollar-rupee sell-buy swaps. These actions aimed to absorb excess liquidity from the inter-bank system.
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economictimes.indiatimes.com
Oil's climb to $100 pushes rupee lower
The Indian rupee fell significantly on Tuesday, reaching its lowest point in over a month. This depreciation occurred as crude oil prices neared $100 per barrel due to new…
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Rupee's RBI-backed rally falters, slips past 95 on oil, slowing intervention
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…
