India · English
Rupee Gains 9 Paise To 94.80, RBI Intervention Supports Recovery Amid $110 Crude Oil Concerns
Mumbai: The Indian rupee strengthened by 9 paise to 94.80 against the US dollar in early trading on Monday, supported by the Reserve Bank of India 's (RBI) continued intervention in the foreign exchange market. The domestic currency has recorded its strongest rally in seven months. However, elevated crude oil prices, foreign fund outflows and rising US bond yields remain major challenges. Rupee…
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