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Asia

Rupee's forex boost fades fast, may trade at 96 levels

Markets-Economic Times · 5h ago · 🇮🇳 India

Rupee's forex boost fades fast, may trade at 96 levels

The Indian rupee has weakened against the US dollar after recent gains. Renewed US-Iran tensions have pushed crude oil prices higher globally. The Reserve Bank of India's intervention helped limit further depreciation of the currency. Global factors like oil prices and investor flows will guide the rupee's near-term direction. Market participants await US inflation data for further currency market insights.

Read the full story at Markets-Economic Times →

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