Indian rupee opens at 94.25 despite $100 Brent, U.S.-Iran concerns
NewsBytes | April 28, 2026 7:42 PM CST
Rupee fell 1% as RBI intervened
Last week, the rupee saw its sharpest drop in over three years, down 1%, as demand for US dollars spiked. The Reserve Bank of India jumped in to help stabilize things.
With oil prices rising, experts warn this could put extra pressure on India's economy, so importers are already hedging their bets just in case.
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