Rupee Rises on Weaker Dollar, Lower Oil Prices, and Continued FII Inflows The Indian rupee has gained 31 paise against the US dollar in recent trading, sparking hopes of a sustained recovery from months of volatility.
However, beneath this seemingly positive trend lies a complex web of economic fragilities that threaten to undermine India's growth prospects.
The Reserve Bank of India (RBI) continues to intervene in foreign exchange markets, supporting the rupee with periodic injections of cash and maintaining high forex reserves.