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Market move● Neutral for Indian equities
Rupee recoups intraday losses as RBI intervenes through dollar sales
The brief
- Rupee recovered from 96.15 per dollar intraday to close flat at 95.99
- RBI dollar sales, softer crude prices and foreign inflows supported the recovery
- A steadier rupee may ease import costs for Indian companies exposed to dollar-priced inputs
- Sun Pharma plans $1 billion local debt sale for loan takeout, sources say
- India-UAE target $200bn bilateral trade by 2032; commit to local currencies, payments, digital initiatives — Check here
- Rupee-dirham trade gains ground as India and UAE target $200 billion
- India forex reserves surge to a record high in September and to provide cover for 11.2 months of goods imports, says RBI
- India's forex reserves fall $14.89 billion to $766 billion