India Rupee at Two-Month High After RBI Intervention

RBI intervention, dollar flows push Indian rupee to two-month peak

The Indian rupee surged to a two-month high against the U.S. dollar on Tuesday, powered by aggressive central ​bank intervention and supported by flow-related dollar offers from foreign banks.

India rupee at two-month high after RBI intervention

RBI intervention helped the rupee outperform regional peers as US-Iran tensions and rising oil prices weighed on currencies.

RBI intervention, dollar flows push rupee to two-month peak

The currency ‌ended at 94.9500, up 0.2% from the previous close, notching its third consecutive daily rise.

Rupee opens 15 paise higher to Rs 95.01 per dollar, RBI intervention in focus

Reserve Bank of India was active in the spot market on Monday, having sold at least $5 billion

Indian Rupee hits fresh two-month high against US Dollar

Rupee Rises 28 Paise to Close at 94.94 Against US Dollar

The Indian rupee gained 28 paise to close at 94.94 against the US dollar on Tuesday, marking its strongest level in nearly two months. The currency was supported by strong domestic economic growth, portfolio-related inflows and expectations of possible Reserve Bank of India (RBI) intervention. The rupee opened at 95.06... The post Rupee Rises 28 Paise to Close at 94.94 Against US Dollar appeared first on Equitypandit.