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| Photo Credit:
ANUSHREE FADNAVIS
RBI was likely selling dollars on Friday, three traders told Reuters, as
the rupee remains under strain due to worries over how elevated
oil prices may impact the growth-inflation dynamics for the
South Asian economy.
The rupee was at 92.32 per dollar, down 0.1% on the
day and within touching distance of its all-time low of 92.3575
hit in the previous session.
Despite the central bank’s interventions, traders expect the
currency to keep drifting lower as energy prices remain volatile
and foreign investors continue to pull money out of local
stocks.
Published on March 13, 2026
