Rupee Posts Best Month Since February on RBI Measures

The Indian rupee strengthened to post its best monthly gain since February, bolstered by central bank policy measures designed to curb dollar demand and support the currency despite persistent pressure from elevated oil prices.

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FILE PHOTO: A cashier holds Indian currency notes at a fuel station in Ahmedabad, India, May 20, 2026. REUTERS/Amit Dave/File Photo

India's rupee climbed 1% against the dollar on Friday, posting its best monthly gain since February on central bank interventions.