On Wednesday, the Indian rupee experienced a modest increase, managing to withstand the upward pressure of crude oil prices. Support from the Reserve Bank of India’s dollar sales played a crucial role in maintaining a stable trading environment, with the rupee fluctuating between 95.25 and 95.44. Traders are optimistic, anticipating an even stronger performance for the rupee on Thursday, bolstered by the recent ceasefire agreement that eased Brent crude futures.
Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billion
Bank deposits saw their fastest growth in nearly ten years by July. Overseas Indians deposited about $37 billion in foreign currency accounts. Bank credit growth
August 13, 2026