Rupee ends week lower despite RBI intervention
after close1 source ↓written by the desknot a recommendation
- for the week
- 0.2%
The Indian rupee closed at ₹95.4250 per US dollar, down 0.2% for the week. The Reserve Bank of India’s intervention helped limit losses amid high crude oil prices and strong dollar demand from importers. The rupee traded within a narrow range, supported by state-run banks selling dollars on behalf of the RBI.
• RBI intervention prevented sharper depreciation
• Demand for dollars remains firm due to import pressures
• Geopolitical uncertainties continue to weigh on the rupee
Not investment advice. For informational purposes only.