Indian Rupee

Equity Markets Global Oil Prices Indian Rupee Foreign Exchange Reserve Bank of India Geopolitics Exchange Rates

Rupee Stabilizes After RBI Action Amid Escalating India-Pakistan Conflict

The Indian rupee recovered 17 paise to close at 85.41 per US dollar on May 9 following Reserve Bank of India intervention, but remains under pressure from geopolitical tensions, a strong dollar, and rising oil prices.