Rupee gains as oil prices soften and RBI intervenes
after close1 source ↓written by the desknot a recommendation
- is set
- ₹95.68-95.98
- growth forecast
- 7%
The Indian rupee strengthened as softer oil prices and RBI interventions limited downside pressure. The USDINR trading range is set at ₹95.68-95.98. Moody's raised India's FY27 growth forecast to 7%, citing resilience, while warning of inflation risks. This positive sentiment may attract portfolio inflows.
Not investment advice. For informational purposes only.