Rupee hits three-week low, traders wary about fall to 96/USD as RBI stands guard
2 sources·Updated August 20, 2026
Covered by 2 sources
- Economic Times·3h agoRupee falls to a 3-week low of 95.71, raising financial concerns
The Indian rupee closed at a three-week low of 95.75 on Wednesday. Substantial central bank interventions prevented further losses for the local currency. The RBI has consistently intervened for nine trading sessions, arresting rupee weakness. This action occurred as oil prices…
Read at Economic Times → - ET Markets·17h agoRupee hits three-week low, traders wary about fall to 96/USD as RBI stands guard
On Wednesday, the Indian rupee hit its lowest point since late July, primarily due to high oil prices and sustained demand for the dollar. Despite this, the Reserve Bank of India's interventions helped to temper the rupee's fall. The escalating crude oil costs have contributed…
Read at ET Markets →