Rupee rises 7 paise to close at 94.92 against U.S. dollar on RBI intervention
The Indian rupee rose 7 paise to close at 94.92 against the U.S. dollar on Friday, marking its sixth consecutive gain. Despite this upward trend, elevated crude oil prices and foreign fund outflows, with Foreign Institutional Investors offloading equities worth ₹5,285.37 crore, limited the rupee's gains. Continued monitoring of these factors is crucial for future currency stability.