RBI Steps In as Rupee Wobbles Amid Oil Price Surge

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RBI Steps In as Rupee Wobbles Amid Oil Price Surge

On Monday, the Indian central bank jumped into the foreign exchange market to save the rupee from a downward spiral. Thanks to a spike in oil prices, the rupee bounced back a bit from 92.30 to 92.20, but it had previously hit a record low of 92.3025. This rollercoaster ride was all due to the ongoing conflict in West Asia.

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