Rupee Faces Pressure as RBI Defends Key Level
The Indian rupee faces renewed pressure at the open due to rising oil prices and higher US Treasury yields following stalled US-Iran talks. The Reserve Bank of India continues to intervene to cushion the currency near the 96-per-dollar mark.
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The India rupee faces fresh downside pressure on Monday morning as stalled diplomatic talks between the United States and Iran push crude prices higher. Central bank intervention continues to serve as a reliable cushion against the depreciation.
