Rupee rebounds nearly 1% after RBI moves to curb speculative trades
The rupee rebounded nearly 1% to 95.77 per dollar on Monday after the RBI announced measures to curb speculative currency trades. A special window for state-owned oil marketing companies eased spot-market pressure, though dollar buying by importers and corporates capped gains. Elevated crude prices and global uncertainties continue to weigh on the currency.
Key Takeaways
- The rupee rebounded nearly 1% to 95.77 per dollar on Monday after the RBI announced measures to curb speculative currency trades.
- A special window for state-owned oil marketing companies eased spot-market pressure, though dollar buying by importers and corporates capped gains.
- Elevated crude prices and global uncertainties continue to weigh on the currency.
The rupee rebounded nearly 1% to 95.77 per dollar on Monday after the RBI announced measures to curb speculative currency trades. A special window for state-owned oil marketing companies eased spot-market pressure, though dollar buying by importers and corporates capped gains. Elevated crude prices and global uncertainties continue to weigh on the currency.
Original Publisher Attribution
This summary was curated from Economic Times.