Rupee gains 12 paise to close at 96.24 against U.S. dollar
The Reserve Bank on July 20, said its concessional swap facility, introduced to encourage foreign currency inflows, has attracted $20.72 billion till July 17
The Indian rupee gained twenty-six paise on Wednesday, ending the session at ninety-five point eleven per dollar. This positive movement was aided by a decrease in oil prices. In addition, the Reserve Bank of India opted to keep its key interest rates unchanged while awaiting more definitive inflation data, as the situation around oil prices remains unpredictable.
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The Indian rupee gained twenty-six paise on Wednesday, ending the session at ninety-five point eleven per dollar. This positive movement was aided by a decrease in oil prices. In addition, the Reserve Bank of India opted to keep its key interest rates unchanged while awaiting more definitive inflation data, as the situation around oil prices remains unpredictable.
