Rupee Gains 6 Paise to 94.89 Against Dollar Amid RBI Intervention

The Indian Rupee opened 6 paise higher at 94.89 against the US dollar on Wednesday, supported by strategic intervention from the Reserve Bank of India.

The currency had previously closed at 94.94, marking a two-month high as the central bank stepped into the forex and swap markets to counter oil-related headwinds.

Market analysts expect the rupee to remain volatile as global tensions and fluctuating oil prices continue to influence investor sentiment throughout the trading week.