Indian Rupee News

Indian rupee weakens to 95.55 amid rising crude oil prices and Strait of Hormuz tensions

The Indian rupee remained above 95 against the dollar for a second day. Traders attribute this performance to aggressive dollar sales by the central bank

The Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increasing oil prices and apprehensions about supply disruptions played a role in its performance

Nifty declined for a seventh session, influenced by elevated crude oil prices. Analysts anticipate continued pressure due to global weakness and geopolitical tensions

On Wednesday, the Indian rupee hit its lowest point since late July, primarily due to high oil prices and sustained demand for the dollar. Despite this, the Reserve Bank of India's interventions helped to temper the rupee's fall

The Indian rupee faced a challenging week, depreciating against the dollar amidst mounting tensions from the Middle East conflict. Despite this, central bank interventions and steady dollar sales by state banks helped mitigate more significant losses

Reserve Bank of India (RBI) governor Sanjay Malhotra while speaking in the press conference after the Monetary Policy Committee (MPC) meeting last week said that the currency notes made of plastic polymer will be in circulation from the next financial year. Wh

The Indian rupee ended the day with minimal fluctuations, influenced primarily by oil market dynamics and moves from the central bank. State-owned banks reportedly intervened by supplying dollars on behalf of the Reserve Bank of India, helping to buffer the cu