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Market move● Neutral for Indian equities
Rupee gains 15 paise to 96.81 against dollar, likely helped by RBI intervention
The brief
- The headline says the rupee gained 15 paise to 95.81 against the dollar
- The summary says it closed at 96.81 against the dollar
- RBI intervention likely helped the rupee strengthen, the summary says
- Rupee moves affect Indian importers and companies with foreign-currency exposure
- India's forex reserves fall $14.89 billion to $766 billion
- Rupee and government bonds face pressure as oil rises and Iran diplomacy hopes fade
- FII Flows To Stay Subdued: Bernstein sees flat to modest inflows; rupee and valuations weigh
- RBI says resilient domestic economy cushions India against rising global risks
- Forex reserves drop $14.9 billion to $766 billion, sharpest weekly fall since November 2024