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Live Updates  >  Live Update Details

2026-07-13 13:10:40

[Reserve Bank of India Reportedly Sells Dollars to Support Rupee, Exchange Rate Hits 95.78, Nearly One-Month High] (1) Several unnamed trading sources familiar with the matter revealed that the Reserve Bank of India (RBI) sold dollars in the domestic and international foreign exchange markets to support the rupee exchange rate. The sources requested anonymity as they were not officially authorized to speak out. (2) The dollar rose as much as 0.5% against the Indian rupee, reaching around 95.78, a new high since June 4. Traders said the RBI sold dollars around the 95.75 level. (3) The rupee depreciated sharply due to the impact of the US's renewed attack on Iran and rising international oil prices. (4) Under the dual pressure of rising oil prices due to the Middle East situation and the recent strengthening of the dollar, the rupee has fallen by more than 6% this year.

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