BankingPre-market
Rupee opens higher on RBI intervention signals
pre-market1 source ↓written by the desknot a recommendation
- Indian Rupee opened
- 39 paise higher
- against the dollar
- ₹88.39
- best opening
- 15 Oct 2023
The Indian Rupee opened 39 paise higher at ₹88.39 against the dollar, marking its best opening since 15 Oct 2023. This rebound follows three days of losses, attributed to likely interventions by the Reserve Bank of India amid a rising dollar index. Traders may see this as a stabilizing move for the currency.
The global market remains cautious due to hawkish signals from the US Federal Reserve, which could impact emerging market currencies further.
Not investment advice. For informational purposes only.