Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Indian central bank likely intervenes to shield rupee as oil prices climb, traders say

MUMBAI: The Reserve Bank of India (RBI) likely intervened in the foreign exchange market on Tuesday, four traders told Reuters, as rising oil prices and growing wagers on a rate hike in the US this week pressured the South Asian unit.

Indian central bank likely intervenes to shield rupee as oil prices climb, traders say

We haven't written up this one. New Straits Times has the full story — the link below goes straight to it.

Read the original at nst.com.my →

More in Finance & Markets

More from Tuesday 15 September →