Rupee under pressure as RBI defends 95.45 against dollar
pre-market1 source ↓written by the desknot a recommendation
- against the dollar
- 95.45
- on Friday
- 95.42
The Reserve Bank of India (RBI) defended the rupee at 95.45 against the dollar, selling dollars to maintain this level. Traders are closely monitoring rising crude oil prices due to the West Asia crisis, which may increase dollar demand from importers. The rupee closed at 95.42 on Friday, indicating ongoing depreciation against the US currency.
Not investment advice. For informational purposes only.