Rupee strengthens for third consecutive day amid oil price drop
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹95.23
- ₹95.69
- in crude oil
- 5% decline
- per barrel
- $97.8
- Nifty 50 surpassing
- 24,000
The rupee appreciated for the third day, closing at ₹95.23 against the US dollar, up from ₹95.69. This rise follows a 5% decline in crude oil prices to $97.8 per barrel, amid expectations of a potential deal between Tehran and Washington. Indian stock indices also surged, with the Nifty 50 surpassing 24,000.
• Rupee traded between ₹95.10 and ₹95.45 on Monday
• RBI Governor stated no specific currency level is targeted
This strengthening may boost market sentiment and risk assets across the region.
Not investment advice. For informational purposes only.