An informed trader said that the Bank of India sold the US dollar to support the rupee in the domestic foreign exchange market, and the people concerned requested anonymity because they were not authorized to make public statements. The US dollar rose 0.1% against the Indian rupee, with an intraday increase of 0.2%. At a time when the exchange rate fluctuated, the price of Brent oil remained around $101 per barrel, and Iran was prepared to deal with a more intense conflict. The Indian rupee has depreciated by more than 5% this year, and its performance is weaker than most Asian currencies.

An informed trader said that the Bank of India sold the US dollar to support the rupee in the domestic foreign exchange market, and the people concerned requested anonymity because they were not authorized to make public statements. The exchange rate of the US dollar rose 0.1% against the Indian rupee, and at one point the intraday increase reached 0.2%. At a time when the exchange rate fluctuated, the price of Brent oil remained around $101 per barrel, and Iran was prepared to deal with a more intense conflict. The Indian rupee has depreciated by more than 5% this year, and its performance is weaker than most Asian currencies.