Rupee ends modestly higher on RBI intervention

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.

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