Rupee Recovery Loses Momentum Despite RBI Efforts
The Indian rupee's recent rally is losing steam despite the Reserve Bank of India's efforts to support it. The rupee fell 5 paise to 94.98 against the U.S. dollar amid rising oil prices and increased safe-haven demand. Challenges include a shrinking dollar reserve and geopolitical tensions in West Asia, which are impacting the currency beyond crude oil price surges.
NDTV·




