Rupee under pressure as RBI defends 95.45 against dollar
after close1 source ↓written by the desknot a recommendation
- against the dollar
- 95.45
- on Friday
- 95.42
- closes early
- 31 Aug
The Reserve Bank of India (RBI) defended the rupee at 95.45 against the dollar, selling dollars to maintain this level. The rupee closed at 95.42 on Friday, reflecting ongoing depreciation amid rising crude oil prices due to the West Asia crisis. Traders are closely monitoring the RBI's actions as the FCNR(B) deposit window closes early on 31 Aug.
Not investment advice. For informational purposes only.