86.04 and Rising! Inside RBI’s Battle Against the Oil-Driven Rupee Crash

Unknown Apr 02, 2026 950 Views

The Indian Rupee (INR) recovered to 86.04 against the US Dollar after touching a day's low of 86.20, as traders speculate that the Reserve Bank of India (RBI) intervened by selling dollars to stabilize the currency. The move comes amid rising global crude oil prices, which have pressured emer...