Rupee hits three-week low, traders wary about fall to 96/USD as RBI stands guard
The Indian rupee fell to 95.7525 per dollar, its lowest since late July, due to high oil prices and dollar demand. Traders are cautious as the rupee approaches the psychological level of 96 per dollar, with the Reserve Bank of India intervening to stabilize it. Investors await upcoming minutes from the RBI and Federal Reserve meetings for further insights.