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The Economic Times
The Economic Times
Business
Nandini Sanyal

If oil stays above $100/ barrel and RBI stops managing volatility, Re would be 102 against dollar: Naveen Mathur

Naveen Mathur RBI Oil India

ndia's forex reserves have fallen by $38 billion since February as the RBI fights to manage volatility but analysts warn the slide may not be over

The Indian rupee breached the 96 mark against the US dollar on Monday, extending a relentless slide driven by surging crude oil prices, persistent foreign institutional investor (FII) outflows, and a strengthening dollar index now hovering near the 98–99 level.

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