Rupee edges up to 95.11 against dollar on likely RBI intervention
On Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. This change occurred despite rising oil prices and foreign fund outflows from the market. The Reserve Bank of India is believed to have intervened by selling dollars to stabilize the currency. Traders noted that the prices fluctuated and remained capped...
Key Takeaways
- On Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar.
- This change occurred despite rising oil prices and foreign fund outflows from the market.
- The Reserve Bank of India is believed to have intervened by selling dollars to stabilize the currency.
On Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. This change occurred despite rising oil prices and foreign fund outflows from the market. The Reserve Bank of India is believed to have intervened by selling dollars to stabilize the currency. Traders noted that the prices fluctuated and remained capped near the 95.25 resistance level.
Original Publisher Attribution
This summary was curated from Economic Times.