Indian Rupee Appreciates to 95.41 Against Dollar as Oil Prices Retreat

The Indian currency gained ground following a decline in crude oil costs and active dollar sales by the Reserve Bank of India to manage exchange rate stability.

26 Aug, 00:51 — 26 Aug, 00:51

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economic-times6d ago

Rupee strengthens to 95.41 after oil cools

The Indian rupee strengthened significantly on Tuesday, gaining 33 paise. This appreciation occurred as oil prices retreated and the Reserve Bank of India sold dollars. The rupee closed at 95.41, trading between 95.40 and 95.75 during the session. Oil prices fell more than three percent, influenced by US sanctions on Iran. Domestic markets will be closed Wednesday for a holiday.

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Indian Rupee Appreciates to 95.41 Against Dollar as Oil Prices Retreat

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Rupee strengthens to 95.41 after oil cools

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