Indian rupee strengthens on firm central bank intervention, oil retreat
MUMBAI: The Indian rupee strengthened modestly on Friday, aided by firm central bank intervention early in the trading session and lower oil prices after US President Donald Trump said he would not attack Iran before next month’s US elections. Brent crude oil...
MUMBAI: The Indian rupee strengthened modestly on Friday, aided by firm central bank intervention early in the trading session and lower oil prices after US President Donald Trump said he would not attack Iran before next month’s US elections. Brent crude oil prices declined about 1.5%, helping the rupee rise to 96.61 per dollar, up 0.2% on the day. The currency faced pressure in early trading, but traders said the...