neutral
RBI Intervention Lifts Rupee, but Traders Warn of Persistent Downward Bias
The Indian rupee registered its strongest one-day gain in a month on Monday, closing at 89.23 against the US dollar, up 0.3% from 89.48 in the previous session. The rebound came after the Reserve Bank of India intervened before market opening and periodically through the day, helping the currency stay above Friday’s lifetime low of 89.49.
Tags:
- forex
- rupee
Explore:Mutual Fund Categories
neutral
RBI Intervention Lifts Rupee, but Traders Warn of Persistent Downward Bias
The Indian rupee registered its strongest one-day gain in a month on Monday, closing at 89.23 against the US dollar, up 0.3% from 89.48 in the previous session. The rebound came after the Reserve Bank of India intervened before market opening and periodically through the day, helping the currency stay above Friday’s lifetime low of 89.49.
Tags:
- forex
- rupee
Explore:Mutual Fund Categories
1 min read
56 words
The rupee recovered on RBI intervention, but traders expect further weakness amid stalled US–India trade talks and persistent macro pressures.
The Indian rupee registered its strongest one-day gain in a month on Monday, closing at 89.23 against the US dollar, up 0.3% from 89.48 in the previous session. The rebound came after the Reserve Bank of India intervened before market opening and periodically through the day, helping the currency stay above Friday’s lifetime low of 89.49.
The Indian rupee registered its strongest one-day gain in a month on Monday, closing at 89.23 against the US dollar, up 0.3% from 89.48 in the previous session. The rebound came after the Reserve Bank of India intervened before market opening and periodically through the day, helping the currency stay above Friday’s lifetime low of 89.49.
Tags:
- forex
- rupee
- forex
- rupee
- RBI intervention
- USDINR
- trade tensions