Reported about 7 hours ago
The Indian rupee showed minimal change on Thursday amidst rising volatility caused by the Reserve Bank of India's (RBI) interventions in the foreign exchange market. Despite efforts to support the currency, which stabilized around 86.8975 to the U.S. dollar, ongoing dollar demand from importers and sluggish domestic growth have hindered any significant appreciation, leading to increased options trading activity. The rupee's performance remains under pressure due to various economic concerns, including foreign outflows and geopolitical tensions.
Source: YAHOO