AUD/INR Plunges as Reserve Bank of India Intervenes Amid Oil Price Shock

The Australian Dollar (AUD) is trading against the Indian Rupee (INR) at ₹67.0493, a modest decline from earlier in the session.

This price action reflects mixed technical pressures, as the AUD/INR pair remains below its key short- and medium-term moving averages but above the long-term average.

The Reserve Bank of India (RBI) has intervened to support the rupee, maintaining its level above 96 per dollar in response to rising oil prices and US-Iran tensions.

State-run banks have conducted targeted dollar sales, likely by central bank directive, to help offset foreign fund outflows and crude volatility effects on the rupee.