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Rupee hits 1-month closing high despite RBI repo rate pause; sliding crude oil prices help

Published 5 Aug 2026

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India Business News: The rupee strengthened to a one-month high on Wednesday, supported by lower crude oil prices. However, gains were trimmed after the Reserve Bank of In.

Market participants said that any appreciation of the rupee beyond the 95-per-dollar mark is likely to trigger fresh demand for the US currency. The rupee strengthened to a one-month high on Wednesday, supported by lower crude oil prices. However, ga... [2444 chars]

Source: Times of India

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