Rupee Closes Marginally up Three Paise at 95.12 Against U.S. Dollar Amid Elevated Crude Oil Prices

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 near the 95.25 resistance level.

Rupee closes marginally up three paise at 95.12 against U.S. dollar amid elevated crude oil prices

In the interbank foreign exchange market, the rupee opened at 95.17 and traded in a tight range of 95.09 to 95.24 before closing at 95.12 (provisional) against the greenback, up 3 paise from its previous close

Rupee closes marginally up 3 paise at 95.12 against US dollar amid elevated crude oil prices

In the interbank foreign exchange market, the rupee opened at 95.17 and traded in a tight range of 95.09 to 95.24 before closing at 95.12 (provisional) against the greenback, up 3 paise from its previous close.

Rupee gains 3 paise to close at 95.12 against dollar

The rupee closed marginally up by 3 paise at 95.12 (provisional) against the US dollar on Tuesday, backed by likely intervention from the Reserve Bank amid elevated crude oil prices and a stronger greenback ahead of the US Federal Reserve's policy decision.