Rupee Falls Near 96/USD Amid Oil Price Concerns, RBI Intervenes
The Indian rupee dropped to over a one-week low, nearing 96 against the U.S. dollar due to rising oil prices. The Reserve Bank of India intervened to cap the fall, with the rupee closing at 96.03 after falling 28 paise. Early trade saw a 20 paise decline to 95.95, reflecting ongoing pressure despite RBI efforts to stabilize the currency.
Reuters·16h ago




