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The Reserve Bank of India likely intervened in foreign exchange markets. Elevated oil prices and corporate dollar demand pressured the rupee. State-run banks offered dollars, indicating central bank action. The rupee remained range-bound for two weeks due to sustained intervention. Geopolitical tensions and equity market weakness also impacted the currency.
11:10 AM
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On Tuesday, the Indian Rupee faced a minor decline against the US dollar, influenced by rising crude oil prices and increased demand from importers. The Reserve Bank of India stepped in to stabilize the currency, keeping its fluctuations minimal. Meanwhile, domestic equities opened softly, although foreign institutional investors maintained their purchasing momentum in the stock market.
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Stock market recommendations: Viyash Scientific, and AU Small Finance Bank - have been picked as the top stocks to buy on August 24, 2026 by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities.
5:10 AM
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Falling Behind Private & Foreign Banks In Credit Cards, Getting Contracts From GCCs
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