Finance1d ago
Rupee ends flat at 95.95 as RBI dollar sales offset pressure
On Wednesday, the Indian rupee maintained its position at 95.95 against the US dollar, thanks to the central bank's dollar sales which helped stabilize its value. However, ongoing demand from oil firms and importers kept the currency under strain. Market analysts predict further depreciation, especially if the US Federal Reserve opts for interest rate increases, with trading expected between 95.75 and 96.25 on Thursday.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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Rupee rises 16 paise to 95.73 against U.S. dollar in early trade
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