Rupee Rises 9 Paise to 94.80 Against U.S. Dollar in Early Trade

Rupee rises to 94.80 against US dollar, but crude oil threatens recovery

Rupee opened the week strong, gaining 9 paise to reach 94.80 against the US dollar. This improvement marked the currency's third consecutive session of recovery, following a previous close of 94.89. However, high crude oil prices continue to pose significant risks to the rupee's gains, as oil is trading around $107.79 per barrel. Domestic equities, meanwhile, faced pressure with BSE Sensex dropping over 470 points.

Rupee Rises 9 Paise to 94.80 Against US Dollar

RBI forex interventions support rupee as Brent crude prices near USD 110 a barrel pose a key risk.

Rupee rises 9 paise to 94.80 against U.S. dollar in early trade

Forex traders said the rupee has witnessed its sharpest rally in seven months. However, the surge in Brent crude oil to $110 per barrel poses the biggest threat to this recovery.

Rupee likely pinned near 95 as RBI defence counters oil headwinds

Rupee held near 95 as RBI defends against oil-driven weakness, with likely open 94.92–94.98 amid ongoing interventions.

Rupee rises 22 paise on RBI intervention despite crude oil pressure - tennews.in: National News Portal

New Delhi, Oct 19 (IANS) The Indian rupee traded 22 paise higher at 94.75 against the US dollar on Monday as Reserve Bank of India (RBI) intervention supported the currency despite pressure from elevated crude oil prices. Earlier in the day, the local currency opened 8 paise higher at 94.89 from the previous close of […] The post Rupee rises 22 paise on RBI intervention despite crude oil pressure appeared first on tennews.in: National News Porta…

Rupee Gains 9 Paise To 94.80, RBI Intervention Supports Recovery Amid $110 Crude Oil Concerns

Rupee gains 9 paise to 94.80 against the US dollar as RBI intervention supports recovery. Crude oil above $107 and falling forex reserves remain concerns.