News about rupee

The Indian rupee rose 22 paise to 94.75 per US dollar on Monday as Reserve Bank of India (RBI) intervention supported the currency despite high crude prices. The currency is hovering near 95 per dollar, which experts see as the RBI's soft defence line, after its best weekly performance in nearly four years. Foreign institutional investors (FIIs) sold Rs 54,636 crore through October 16, though they turned marginal buyers in recent days, with experts citing a drop in the US 10-year yield to 5.08%. Brent crude briefly topped $110 a barrel on Friday before easing to around $108, after Trump waived new Russia sanctions that could boost Russian fuel exports.