RBI likely intervenes to support rupee amid oil pressures
RBI likely intervenes to support rupee amid oil pressures. Traders believe the central bank is actively selling dollars to stabilize the rupee, which has weakened to 79.85 against the USD. Rising crude prices and outflows from debt funds are increasing pressure on the currency. Intervention aims to prevent excessive volatility ahead of key data releases.
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This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.