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The Economic Times
The Economic Times

Rupee hits one-month closing high as oil slide outweighs RBI pause

The Indian rupee ended at its highest level in ​a month on Wednesday, aided ​by lower crude oil prices, while the central bank's widely ​expected policy pause limited some of the currency's early gains.

The rupee opened 0.5% higher at 94.92 per U.S. dollar, its highest since July 1. Soon after, it surrendered nearly half of ‌the gains ⁠to end ⁠at 95.1175, its strongest closing level since July 7.

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