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Asia

Rupee climbs to one-month peak of 95.13 vs USD on oil slump, stronger inflows

Markets-Economic Times · 2h ago · 🇮🇳 India

Rupee climbs to one-month peak of 95.13 vs USD on oil slump, stronger inflows

The Indian rupee reached a one-month high as oil prices declined and foreign inflows increased. The Reserve Bank of India is expected to maintain current interest rates this week. Analysts anticipate a cautious policy statement from the central bank regarding inflation. Oil prices fell significantly after the US President sought a deal with Iran. Foreign investors returned to Indian stocks, and bond yields saw a slight increase.

Read the full story at Markets-Economic Times →

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