The Indian rupee rose 67 paise to ₹94.30 against the US dollar amid increased foreign-currency mobilization by the RBI, which reached $136.38 billion. This mobilization mainly came from non-resident deposits, enhancing the central bank's capacity to support the currency.
The Indian rupee rose 67 paise to ₹94.30 against the US dollar amid increased foreign-currency mobilization by the RBI, which reached $136.38 billion. This mobilization mainly came from non-resident deposits, enhancing the central bank's capacity to support the currency.
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The rupee strengthened to ₹95 against the US dollar due to central bank interventions and positive momentum, despite rising oil prices and US Treasury yields. Market participants were surprised by this gain, with ongoing foreign inflows and India's GDP growth providing further support.
Rupee rises to 95.37 against USD, driven by declining oil prices and hopes for an Iran peace deal. Record inward remittances of USD 110.47 billion in FY26 offer some relief, but long-term stability requires consistent foreign capital. Analysts urge caution amid geopolitical tensions.
