Rupee rebounds from 96.82 low as RBI intervention, oil prices ease
The Indian rupee recovered sharply on Thursday, May 21, after likely intervention by the Reserve Bank of India (RBI) and a correction in crude oil prices helped improve sentiment in the currency market. The rupee was quoting near 96.75 against the US dollar in early interbank trade before recovering to around 96.20, according to traders cited by Reuters. The domestic…
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