03-June-2026
Markets and Finance
 
RBI likely intervenes to limit rupee's fall: Traders
03-Jun-2026

The Indian central bank likely intervened in the foreign exchange market on Wednesday to limit the rupee's fall, four traders told Reuters, as a rise in crude prices on renewed U.S.-Iran hostilities pressured the South Asian currency. The rupee was at 95.47 per dollar, down 0.2% on the day. State-run banks were spotted offering dollars near the 95.50 mark, a trader at a Mumbai-based bank said.

News Source:- https://economictimes.indiatimes.com/news/economy/finance/rbi-likely-intervenes-to-limit-rupees-fall-traders/articleshow/131476145.cms
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org