Rupee Rises Amid Global Optimism, RBI Intervention
The Indian rupee has gained 19 paise to close at 95.80 against the US dollar on improved global risk sentiment and potential RBI intervention.
This positive movement in the rupee was driven by optimism over a proposed US-Iran deal, falling crude prices, and a weak US dollar.
However, gains were capped by US dollar demand from local importers, high crude prices, and a stronger greenback driven by hawkish Federal Reserve signals.