Indian Rupee Climbs to Two-Week High as RBI Intervention, Falling Oil Prices Spark Dollar Selloff - Tekedia

The Indian rupee hit a two-week high as traders unwound dollar bets after RBI intervention and lower crude prices.

The RBI is smoothing currency volatility through spot and forward-market operations, alongside recent dollar-mobilization schemes that drew strong inflows.

Cheaper Brent crude is easing India’s import bill and inflation pressure, even though the rupee remains weaker over the year.

Technical stop-loss triggers also accelerated the dollar selloff, reinforcing the rupee’s rally.