Rupee slips as oil prices stay high and RBI steps in
pre-market1 source ↓written by the desknot a recommendation
- per barrel
- $110
- per US dollar
- 94.80
India’s rupee fell toward recent lows as Brent crude remained above $110 per barrel. The rupee briefly touched 94.80 per US dollar, with RBI-linked dollar selling from state-run banks helping to mitigate volatility. This intervention aims to stabilize the currency amid rising import costs due to high oil prices.
Not investment advice. For informational purposes only.