BusinessPhoto: Deccan HeraldRupee rises 9 paise to 94.80 against US dollar in early trade
The Indian rupee gained 9 paise to 94.80 against the US dollar in early Monday trade, marking its sharpest rally in seven months. This rise is supported by the Reserve Bank of India's structural forex interventions. However, the surge in Brent crude oil prices to $110 per barrel threatens the recovery. The rupee is nearing a key support level near 94, with market pressures from high crude prices, rising US Treasury yields, and foreign capital outflows.
Deccan Herald··Mumbai




