Rupee Shows Off Its Gains as Oil Prices Take a Nosedive

Ladies and gentlemen, the Indian rupee is flexing its muscles! On Thursday, it stood tall, defying the odds as oil prices dipped below $80 and a cool $40 billion flowed in. After its dramatic May plunge, the rupee is back in the game, proving it’s not just a pretty face in the currency arena but a heavyweight contender in carry trades.