Economic TimesLean R·
Indian rupee gains as oil comes off; inflows, RBI intervention in focus
The Indian rupee experienced a slight upturn on Tuesday, buoyed by the prospect of improved diplomatic relations between the U.S. and Iran, which reduced oil market tensions. With strong capital inflows enhancing the foreign exchange reserves, the Reserve Bank of India reported mobilization of over twenty billion dollars. Investors are now keeping a close eye on the central bank's reserve management approach.
Read at Economic Times →
