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Rupee trades narrowly around 95.97/$, capped by RBI-dollar sales, with weak FX inflows, firming dollar index, and oil-ruled pressure.
Rupee traded in a narrow range and fell 3 paise to 95.97 against the US dollar in early trade on Wednesday, pressured by persistent dollar demand from state-run oil marketing companies and firm crude oil prices.Dollar sales by state-run banks on behalf of the Reserve Bank of India in both spot and…
In early trade, the Indian Rupee weakened to 95.97 against the US Dollar, affected by strong dollar demand from oil companies and ongoing RBI interventions. Read more about the currency trends and market pressures here.