Indian Rupee Gains 0.6 Percent as RBI Intervenes
The rupee rose 0.6 percent to 91.60 on Thursday following RBI intervention. Markets remain cautious as the Middle East conflict impacts global oil prices.
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The India rupee recorded its most significant single-day gain in a month on Thursday, bolstered by aggressive intervention from the central bank. The currency reached an intraday peak of 91.4125 before closing at 91.60 per dollar, a 0.6% increase from the previous session. This recovery followed a volatile Wednesday where the rupee had plummeted to a record low of 92.3025.
