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.
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.
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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.
