Indian rupee’s surprising resilience: buoyed by FCNR inflows, RBI FX buffers and solid fundamentals, it defied oil price hikes and global turbulence, closing at 94.39 against the U.S. dollar.
USD/INR traders see a mixed outlook: U.S. Treasury bond‑buyback weakens the dollar, but rising oil prices and Hormuz tensions keep the rupee on a cautious path.