1 Day
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المشهد العربي
Indian Rupee advances on central bank support
The Indian Rupee achieved its highest daily rise in over six weeks, appreciating by 0.7% against the dollar to reach 95.89. This was supported by the Reserve Bank of India's intervention through dollar sales aimed at strengthening the national currency. The move coincided with a decline in oil prices following a truce between Washington and Tehran, which helped ease pressures on the Indian economy. The central bank's strong intervention through foreign currency infusions, ranging between $1.5 billion and $3 billion, played a key role in accelerating the Rupee's gains and enhancing its stability against the dollar.
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