Rupee rises to 95.04 against US dollar after oil dip
NewsBytes | May 6, 2026 1:39 PM CST
Oil firms hedge, RBI may intervene
To keep things steady, oil companies are hedging against future currency swings, and the Reserve Bank of India (RBI) might step in, too.
There is talk that the RBI could bring in more dollars or let state-run banks raise money overseas, moves aimed at keeping the rupee stable.
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