IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

Rupee Set to Open Steady Amid Oil Relief and RBI Support

The Indian rupee is expected to open little changed as lower oil prices and central bank intervention balance Federal Reserve rate hike concerns and dollar demand. The currency pair continues to trade within a range supported by the Reserve Bank of India.

Insights:
FILE PHOTO: A man counts Indian currency notes at a roadside currency exchange stall in the old quarters of Delhi, India, February 2, 2026. REUTERS/Anushree Fadnavis/File Photo

The India rupee is set to open little changed on Thursday morning after a market holiday, held in a tight band as central bank intervention and lower oil prices offset Federal Reserve rate hike risks. The currency is expected to hover in the 95.40-95.44 range per dollar.
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.