BR100 Increased By (0.85%)
BR30 Increased By (1.2%)
KSE100 Increased By (0.41%)
KSE30 Increased By (0.56%)
AGHA 6.08 Decreased By ▼ -0.26 (-4.1%)
BECO 3.96 Decreased By ▼ -0.03 (-0.75%)
BML 58.25 Decreased By ▼ -0.46 (-0.78%)
BOP 27.22 Decreased By ▼ -0.08 (-0.29%)
CNERGY 12.30 Decreased By ▼ -0.10 (-0.81%)
CSIL 5.00 Decreased By ▼ -0.09 (-1.77%)
FCCL 51.61 Increased By ▲ 1.96 (3.95%)
FFL 13.08 Decreased By ▼ -0.28 (-2.1%)
FNEL 1.06 Decreased By ▼ -0.01 (-0.93%)
KEL 5.65 Increased By ▲ 0.10 (1.8%)
KOSM 5.21 Increased By ▲ 0.11 (2.16%)
LOTCHEM 22.51 Decreased By ▼ -0.53 (-2.3%)
MLCF 88.83 Increased By ▲ 2.20 (2.54%)
NBP 151.08 Increased By ▲ 1.39 (0.93%)
NCPL 48.54 Increased By ▲ 0.37 (0.77%)
NPL 53.09 Decreased By ▼ -0.47 (-0.88%)
OGDC 300.92 Increased By ▲ 2.80 (0.94%)
PACE 9.30 Increased By ▲ 0.07 (0.76%)
PAEL 32.40 Increased By ▲ 0.35 (1.09%)
PIBTL 12.89 Increased By ▲ 0.34 (2.71%)
PPL 212.36 Increased By ▲ 2.19 (1.04%)
PRL 95.71 Increased By ▲ 1.19 (1.26%)
PTC 44.30 Decreased By ▼ -0.99 (-2.19%)
SSGC 22.53 Increased By ▲ 0.01 (0.04%)
TBL 8.84 Increased By ▲ 0.17 (1.96%)
TELE 6.55 Decreased By ▼ -0.11 (-1.65%)
TPL 21.41 Decreased By ▼ -0.20 (-0.93%)
TPLP 11.51 No Change ▼ 0.00 (0%)
TREET 22.29 Increased By ▲ 0.12 (0.54%)
TRG 53.68 Increased By ▲ 1.14 (2.17%)
Markets

India central bank likely steps in to stem Indian rupee's oil, outflow-driven fall, traders say

  • RBI likely intervened to support the rupee, which recovered to 95.07 per dollar after hitting a session low of 95.2250
Published Updated
Photo: Reuters
Photo: Reuters
By

MUMBAI: The Reserve Bank of India likely stepped into the currency market on Wednesday, with the rupee coming under pressure from rising oil prices and dollar outflows, traders said.

The Indian rupee recovered to 95.07 per dollar following the intervention, after hitting a session low of 95.2250.

Comments

200 characters remaining