Rupee Hits 96 per Dollar Amid Oil Price Surge; RBI Intervenes
The Indian rupee crossed the 96-per-dollar level for the first time since July due to rising crude oil prices and a strong US dollar. The Reserve Bank of India intervened to stabilize the currency, helping it recover and close at 95.98. Economists predict a gradual depreciation of the rupee over time due to ongoing external pressures.
ET Markets·3h ago



