Rupee hits 3-week low; RBI intervenes to stem fall

Rupee hits 3-week low; RBI intervenes to stem fall due to rising crude oil prices and dollar demand. The currency fell to 83.52/US$, its weakest in three weeks, pressuring import costs. RBI stepped in again with dollar sales to stabilize the rupee, indicating growing concern over volatility. This reflects renewed pressure on forex reserves amid elevated oil prices.

📊 STOCKS: | 🏢 SECTOR: Macro | #HIGHIMPACT #Rupee