Rupee gains 35 paise to 95.25 amid easing oil prices
pre-market1 source ↓written by the desknot a recommendation
- to close
- 35 paise
- against the US
- 95.25
- rupee opened
- 95.36
- intraday high
- 95.12
The rupee appreciated 35 paise to close at 95.25 against the US dollar, marking its third consecutive gain. This rise follows optimism regarding a potential peace deal between the US and Iran, despite ongoing tensions. RBI Governor Sanjay Malhotra indicated the central bank's commitment to ensuring orderly price discovery in the forex market.
• The rupee opened at 95.36, with an intraday high of 95.12.
• Traders view the rupee as potentially undervalued after recent depreciation.
Immediate market implications may support further stability in the forex market.
Not investment advice. For informational purposes only.