The HinduLean L·
Rupee trades in narrow range against U.S. dollar in early trade
However, RBI-backed dollar sales across spot and forward markets continue to cap losses, keeping the exchange rate below the 96.00 threshold
Read at The Hindu →
However, RBI-backed dollar sales across spot and forward markets continue to cap losses, keeping the exchange rate below the 96.00 threshold
<iframe src="https://hindustansphere.com/embed/cluster/8b8fd780f79b148e598ea0f27f2433c994c7d1ba" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Rupee trades in narrow range against U.S. dollar in early trade"></iframe>
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.40, higher by 0.04%
Forex traders said prolonged West Asia crisis poses a major risk for India, which relies heavily on energy imports