RBI
Economy National

RBI Steps In as Oil Pressure Hits Rupee

By BPN News Desk
The Reserve Bank of India is believed to have intervened in the foreign exchange market for an eighth consecutive trading session as rising crude oil prices continued to put pressure on the rupee. The Indian currency weakened to around ₹95.68 against the US dollar, its lowest level in nearly three weeks. RBI Intervention Supports Indian […]
rupee
National

Rupee Hits Two-Month Low as Oil Surges

By BPN News Desk
The Indian rupee weakened to a two-month low against the US dollar on Monday as rising crude oil prices intensified concerns over India’s import costs, inflation outlook and external finances. Indian rupee hits two-month low The rupee declined by about 0.2% to 96.4575 against the dollar during trading, moving closer to its record low of […]