Rupee rises to 96.49 against US dollar, rising oil prices limit gains
AI Summary
The Indian rupee gained slightly against the US dollar amid rising crude oil prices, which limited currency gains. The Reserve Bank of India intervened to stabilize the currency, while Indian stock markets opened lower with mixed investor sentiment.
The Indian rupee saw a slight gain against the US dollar on Thursday. Rising crude oil prices continue to exert pressure on the currency. The Reserve Bank of India's intervention is expected to limit sharper losses. Foreign investors showed mixed sentiment in Indian equities and bonds. Stock markets opened on a weak note, with key indices falling.
World Markets Commodities Indian rupee US dollar crude oil prices currency intervention Reserve Bank of India stock market