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Forex

Rupee Recovers Amid RBI Intervention and Easing Crude Prices

Guavy AI Editorial Team
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USD
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The Indian rupee appreciated by 19 paise to close at 95.80 against the US dollar on Friday, September 25, despite persistent pressure from elevated crude oil prices and a firm dollar index.

The Reserve Bank of India stepped in with dollar sales and sell-buy swaps, which helped the rupee recover from a one-week low of 95.9550 on Thursday.

Brent crude prices surged to $106.88 per barrel on Thursday but eased to $105.40 per barrel on Friday, providing some relief to the currency.

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