Rupee edges up to 95.11 against dollar on likely RBI intervention
On Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. This change occurred despite rising oil prices and foreign fund outflows from the market. The Reserve Bank of India is believed to have intervened by selling dollars to stabilize the currency. Trade
The Bharath News1 min readSource: ET Markets
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On Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. This change occurred despite rising oil prices and foreign fund outflows from the market. The Reserve Bank of India is believed to have intervened by selling dollars to stabilize the currency. Traders noted that the prices fluctuated and remained capped near the 95.25 resistance level.
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