Global EconomyReuters1 min read9/24/2026 (3h ago)

Indian central bank likely defending rupee, conducting swaps to drain excess cash, traders say

Indian central bank likely defending rupee, conducting swaps to drain excess cash, traders say
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Indian central bank likely defending rupee, conducting swaps to drain excess cash, traders say Reuters Rupee plunges 23 paise to 95.96 against U.S. dollar amid spike in crude oil thehindu.com Rupee rises 5 paise to 95.57 against US dollar in early trade bfsi.economictimes.indiatimes.com Rupee slips as dollar gets Fed hike expectations tailwind The Economic Times Rupee...

Key Takeaways

  • Indian central bank likely defending rupee, conducting swaps to drain excess cash, traders say Reuters Rupee plunges 23 paise to 95.96 against U.S.
  • dollar amid spike in crude oil thehindu.com Rupee rises 5 paise to 95.57 against US dollar in early trade bfsi.economictimes.indiatimes.com Rupee slips as dollar gets Fed hike expectations tailwind The Economic Times Rupee hooked to oil prices as markets gauge Iran diplomacy hopes BusinessLine
  • Full details and original dispatch available below.

Indian central bank likely defending rupee, conducting swaps to drain excess cash, traders say Reuters Rupee plunges 23 paise to 95.96 against U.S. dollar amid spike in crude oil thehindu.com Rupee rises 5 paise to 95.57 against US dollar in early trade bfsi.economictimes.indiatimes.com Rupee slips as dollar gets Fed hike expectations tailwind The Economic Times Rupee hooked to oil prices as markets gauge Iran diplomacy hopes BusinessLine

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This summary was curated from Reuters.

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Indian central bank likely defending rupee, conducting swaps to drain excess cash, traders say — Loop60