Economic TimesLean R·
Rupee holds steady at 95.44 amidst RBI intervention
The Indian rupee remained stable on Thursday, closing near its previous level. Dollar sales by the Reserve Bank of India kept the local unit within a tight range. Demand from maturing forwards and debt outflows added pressure to the currency. Traders observed a narrow trading band, anticipating further Reserve Bank of India intervention. One-month implied volatility fell to its lowest point since early March.
Read at Economic Times →
