← Top stories
Market move● Neutral for Indian equities
Rupee steadies near 96/$ as outflows weigh, RBI intervention cushions
The brief
- Rupee was at 95.97 per dollar at 11:30 a.m. IST, little changed from 95.98 previously
- Outflows weighed on the rupee, while RBI intervention cushioned it
- Rupee stability matters for Indian importers, exporters and companies with foreign-currency exposure
- US 30-year Treasury yield tops 5.61%, highest since 2002
- 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