On Thursday, the rupee saw a slight uptick, gaining 10 paise to settle at 96.65 against the US dollar. This increase emerged amidst tough economic conditions characterized by a robust dollar and high Brent crude prices nearing USD 102. Despite the challenges, including foreign institutional investors offloading equities leading to market downturns, the Reserve Bank of India stepped in to stabilize the currency.
Multiple perspectives
Also covered by 2 sources
- OriginalThe Hindu – BusinessRupee rises 10 paise to 96.65 against U.S. dollar in early trade
- OriginalThe Hindu – NationalRupee slips 4 paise to 96.39 against U.S. dollar in early trade
