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Finance & Markets

Rupee holds firm at 94.97 as RBI intervenes with dollar sales

The Indian rupee remained above 95 against the dollar for a second day. Traders attribute this performance to aggressive dollar sales by the central bank. The rupee closed at 94.97, showing little movement during trading. This stability contrasted with a significant slump in equity markets. State-run banks likely sold dollars to prevent further depreciation past the 95 mark.

economictimes.indiatimes.com ·1h ago

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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