Oil slide beats RBI pause to lift ₹ to 1-month high
Synopsis On Wednesday, the Indian rupee climbed to its highest point in a month, bolstered by a dip in crude oil prices that fueled early
Synopsis On Wednesday, the Indian rupee climbed to its highest point in a month, bolstered by a dip in crude oil prices that fueled early gains. Although the Reserve Bank of India's decision to maintain rates restricted further growth, analysts pointed out that immediate support lies around 94.75 with resistance levels at 95.60. Additionally, FX inflows and a weakening dollar contributed positively to the rupee's overall sentiment.
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