Rupee Closes Near Flat as Oil Prices Ease and RBI Steps In
The Indian rupee closed nearly unchanged after dropping to a two month low earlier in the session. Crude oil price movements and suspected central bank intervention guided the currency through persistent market volatility.
Xurve View
Insights:
Xurve View
The India rupee closed nearly unchanged at 95.98 per dollar on Tuesday after hitting a two-month low earlier in the session. State-run banks intervened to curb volatility as Brent Crude Oil prices retreated from a peak near $108 per barrel.
