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The Economic Times
The Economic Times
Business

Rupee shored up by firm central bank intervention, but oil risks linger

ING Oil Donald Trump India

The Indian rupee rose on Thursday, its first day of gains in two weeks, after the central bank shored up the currency through firm intervention, while a media report that policy options including a potential rate hike are being weighed for its defence also helped.

The rupee closed at 96.20, up 0.6% from its close ‌at 96.82 in ⁠the previous ⁠session, its best one-day gain in two weeks.

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