RBI intervention

Rupee Falls 12 Paise to Settle at Record Low of 92.40 Against US Dollar

Business News Desk1 month ago1 month ago03 mins mins

The Indian rupee continued its downward trajectory, closing at a record low of 92.40 against the US dollar, a fall of 12 paise compared to the previous session. This depreciation underscores the mounting pressure on India’s currency markets, driven by strong global demand for the dollar, elevated crude oil prices, and persistent foreign capital outflows….

Rupee May Open at All-Time Low, Pressured by $100-Plus Crude; RBI Response Eyed

Business News Desk2 months ago2 months ago03 mins mins

The Indian rupee is expected to open at an all-time low against the US dollar, as surging crude oil prices above $100 per barrel and escalating geopolitical tensions weigh heavily on investor sentiment. Market participants are closely watching the Reserve Bank of India’s (RBI) response, as the central bank may intervene to stabilize currency volatility…