Rupee falls past 95 per dollar amid rising oil prices
The Indian rupee declined past the 95 per dollar threshold as Middle East conflict pushed oil prices above 100 dollars per barrel. The central bank intervened through spot dollar sales and FX swaps to manage liquidity and limit losses.
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India's rupee fell past the 95-per-dollar threshold on Wednesday afternoon as rising Middle East conflict drove Brent Crude Oil past $100 per barrel. The central bank intervened via spot dollar sales and foreign exchange swaps to limit currency losses.
