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Rupee remains steady on likely RBI intervention
Financial Express Bengaluru
|December 31, 2024
THE RUPEE REMAINED largely steady on Monday on likely intervention by the Reserve Bank of India (RBI).
THE RUPEE REMAINED largely steady on Monday on likely intervention by the Reserve Bank of India (RBI), ending the day at 85.54 against the dollar. Broad-based dollar bids and declining Chinese yuan pressured the local currency, according to forex traders.
Asian currencies traded mostly lower on Monday, while the dollar index gained 0.1% to 108.1. The offshore Chinese yuan was down 0.2% at 7.31, pulled down by rising US bond yields.
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