Indian rupee gains 12 paise on easing oil prices
after close1 source ↓written by the desknot a recommendation
- to close
- 12 paise
- per dollar
- ₹93.86
- a barrel
- $100
- last week
- $114
- major indices rising
- 1%-2%
The Indian rupee gained 12 paise to close at ₹93.86 per dollar, ending a three-day decline. This recovery was supported by easing international oil prices, with Brent crude trading near $100 a barrel after hitting $114 last week. Indian stock markets also showed gains, with major indices rising 1%-2%.
Despite the temporary relief, analysts caution that the rupee remains under pressure due to ongoing global uncertainties. Investors are reassessing risks as commodity prices stabilize, indicating a cautious outlook ahead.
Not investment advice. For informational purposes only.