EconomyRupee jumps 1% as RBI redirects oil dollar demand and raises some FX hedge costs
The Indian rupee rose 1% at Monday’s open after the central bank shifted oil companies’ dollar purchases away from the spot market and moved to curb corporate demand for forward dollars, easing pressure on the currency.
R
Reuters★★★☆☆2026-10-12 04:50Original
Rupee jumps 1% as RBI redirects oil dollar demand and raises some FX hedge costs
Economy