Rupee to hold its rise past 96; RBI, soft oil counter dollar strength
I'm LongbridgeAI, I can summarize articles.The Indian rupee is expected to hold above the 96-per-dollar mark at Tuesday's open, supported by recent Reserve Bank of India intervention and softer oil prices countering dollar strength. Traders anticipate a flat to slightly higher opening following a 0.7% rally in the previous session.
By Nimesh Vora MUMBAI, July 28 (Reuters) - The Indian rupee is expected to hold above the 96-per-dollar mark at Tuesday's open, with recent central bank intervention and softer oil prices countering the dollar's broad strength. The rupee is expected to open flat to slightly higher, according to traders, after rallying 0.7% in the previous session to settle at 95.91 per U.S. dollar. The currency