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05.10.26 - 07:42
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Rupee hovers near 96 as oil stays above $100 per barrel, foreign selling persists (Times of India)
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The rupee started off on a weaker note against the US dollar due to soaring crude oil prices and foreign investors selling off. In response, the Reserve Bank of India is stepping in to curb volatile changes, as forex reserves dwindle. Market analysts anticipate a possible interest rate increase following the upcoming monetary policy meeting, while the dollar index remains robust....
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26.09.26 - 12:54
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Big dollar inflows, little boost for rupee: Why currency may stay near Rs 96 near term (Times of India)
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The movements of the rupee are shaped by various elements, such as interventions from the RBI and prevailing market sentiment. Experts forecast that the currency will achieve stability soon, hovering between Rs 94.5 and Rs 96 per dollar. Despite recent inflows of dollars, the rupee's market value remains largely unaffected. A thorough analysis underscores the importance of sentiment in driving currency fluctuations, revealing a multifaceted landscape in the currency market....
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