RBI intervention lifts rupee 22 paise to 96.5 despite Brent crude topping $100
The Indian Rupee strengthened by 22 paise to ₹96.5 against the US dollar in early trade, aided by the Reserve Bank of India's intervention. This recovery occurred despite Brent crude prices exceeding $100 per barrel, driven by rising tensions in the Middle East. However, outflows from foreign institutional investors and weak domestic equities limited further gains for the Rupee.