Rupee strengthens as oil prices soften and RBI intervenes
pre-market1 source ↓written by the desknot a recommendation
- growth forecast
- 7%
The rupee gained as softer oil prices and continued RBI intervention helped limit downside pressure. The expected portfolio inflows also supported the currency. Moody's raised India's FY27 economic growth forecast to 7%, highlighting resilience but cautioning on inflation risks. Traders are closely monitoring the Fed's rate outlook amid a strengthening dollar.
Not investment advice. For informational purposes only.