Rupees Forex Boost Fades Fast May Trade At 96 Levels
E
Economic TimesVerified Publisher
The Indian rupee has weakened against the US dollar after recent gains. Renewed US-Iran tensions have pushed crude oil prices higher globally. The Reserve Bank of India's intervention helped limit further depreciation of the currency. Global factors like oil prices and investor flows will guide the rupee's near-term direction. Market participants await US inflation data for further currency market insights. In the meantime, the rupee continues to remain sensitive to oil price spikes, foreign investor flows and direction of the dollar index, traders said. Top Trending Stocks: SBI Share Price,
. The Reserve Bank of India's intervention helped limit further depreciation of the currency. Global factors like oil prices and investor flows will guide the rupee's near-term direction. Market participants await US inflation data for further currency market insights.
In the meantime, the rupee continues to remain sensitive to oil price spikes, foreign investor flows and direction of the dollar index, traders said.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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