Rupee falls 20 paise to 95.95 against U.S. dollar in early trade
- The Indian rupee fell 20 paise to 95.95 against the U.S. dollar in early Monday trading.
- Traders attributed the rupee’s pressure to higher crude oil prices and continued foreign fund outflows.
- The Reserve Bank of India repeatedly intervened near the 96-per-dollar level, helping limit the rupee’s decline.
16 Articles
16 Articles
The rupiah has weakened today. Analysts expect the rupiah to be in the range of 17,900 per U.S. dollar- 18,000 per U.S. dollar.
Rupee's likely to slip despite RBI push for stability
The rupee could decline to 96-97 per dollar by the end of FY27 due to several factors. Persistent outflows from Indian financial assets and elevated crude oil prices create additional pressure. Although the Reserve Bank of India argues for potential stabilization, economists remain skeptical of this outlook. Recent foreign exchange actions indicate ongoing depreciation pressures on the currency.
Indian rupee slips as oil jumps on stalled US-Iran talks, RBI seen defending 96/$
The Indian rupee weakened on Monday as rising crude oil prices following a breakdown in US-Iran diplomatic efforts pushed US bond yields higher and increased expectations of further central bank intervention to support the currency, Reuters reported. The rupee depreciated 0.1% to Rs 95.95 per dollar, remaining just below the Rs 96-per-dollar level amid continued […] ChiniMandi
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