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Rupee ends nearly flat as traders remain glued to oil moves, RBI caps fall

The Indian rupee showed little change after reaching a two-month low in early trading. Crude oil prices significantly impacted the currency's movement, leading to a brief decline. Dollar sales by state-run banks helped contain the rupee's drop earlier in the day. As Brent oil prices decreased, the rupee managed to close nearly flat at 95.98. Investor focus remains on future US economic data and its implications for interest rates.

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Reuters

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Center

Rupee ends nearly flat as traders remain glued to oil moves, RBI caps fall

1 day ago·London, United Kingdom

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Live Mint

Center

Rupee hits two-month low, slips past 96 | What does it mean for the Indian stock market?

The Indian rupee fell to ₹96.1475 per dollar, a two-month low, due to rising oil prices and foreign investor outflows. Anticipated RBI interventions may stabilize the currency, but persistent oil price concerns could widen India's current account deficit and apply further pressure on the rupee.

1 day ago·New Delhi, India

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awazthevoice.in

Rupee settles on flat note, up 2 paise at 95.95 against US dollar

The rupee settled on a flat note on Tuesday, just a tad over the psychologically important 96 per dollar level, driven by possible RBI intervention and a pull-back in oil prices following hopes of negotiations between the US and Iran.

1 day ago

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