Rupee Hovers Near 95 as RBI Defends Against Oil
The Indian rupee is expected to remain near the 95 per dollar level as central bank intervention offsets ongoing pressure from elevated oil prices. While recent RBI dollar sales have supported the currency, high crude costs continue to challenge the foreign exchange reserves.
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The Indian rupee is expected to open near 95 per dollar on Monday morning as central bank interventions counter oil-driven headwinds. India's currency traded at 94.96 on Friday.
