RBI likely intervenes to limit rupee's fall: Traders
- Posted on June 3, 2026
- By Business News Today
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- 1 min read
RBI likely intervenes to limit rupee's fall: Traders
The Indian central bank likely stepped into the foreign exchange market on Wednesday. This action aimed to curb the rupee's decline. Renewed U.S.-Iran hostilities pushed crude oil prices higher. Brent crude rose about one percent to nearly ninety-seven dollars per barrel. The rupee was trading at ninety-five point forty-seven per dollar, down zero point two percent.
