Indian Rupee Strengthens on Technical Indicators and RBI Reserves

The Indian rupee has gained momentum driven by bullish chart patterns and ample foreign exchange reserves held by the Reserve Bank of India, though rising oil prices pose a potential headwind.

2 Sept, 02:37 — 2 Sept, 02:37

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bloombergHigh10h ago

Rupee Rally Gets a Boost From Bullish Charts and RBI’s Reserve Ammo

However, a continued increase in oil prices may dent optimism around the currency.

By Savio Shetty

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Indian Rupee Strengthens on Technical Indicators and RBI Reserves

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Rupee Rally Gets a Boost From Bullish Charts and RBI’s Reserve Ammo

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