{"id":610476,"date":"2023-10-16T11:04:26","date_gmt":"2023-10-16T05:34:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=610476"},"modified":"2023-10-16T11:50:37","modified_gmt":"2023-10-16T06:20:37","slug":"rupee-to-rely-on-rbis-intervention-amid-surging-oil-prices-traders","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rupee-to-rely-on-rbis-intervention-amid-surging-oil-prices-traders\/","title":{"rendered":"Rupee to rely on RBI&#8217;s intervention amid surging oil prices: Traders"},"content":{"rendered":"<p>The Indian rupee will be pressured by the jump in oil prices over the Middle East conflict and may again have to count on the central bank&#8217;s assistance, traders said. <\/p>\n<p>Non-deliverable forwards (NDFs) indicate rupee will open at around 83.25-83.26 to the U.S. dollar, barely changed from the previous session. <\/p>\n<p>Brent crude was at $90.88 in Asia after soaring nearly 6% on Friday &#8211; its biggest advance since April &#8211; on Israeli military beginning the first ground raids into the Gaza Strip. U.S. equities declined on Friday when the dollar index edged up while safe-haven demand pushed U.S. Treasury yields down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian rupee will be pressured by the jump in oil prices over the Middle East conflict and may again have to count on the central bank&#8217;s assistance, traders said. Non-deliverable forwards (NDFs) indicate rupee will open at around 83.25-83.26 to the U.S. dollar, barely changed from the previous session. Brent crude was at $90.88 in Asia after soaring nearly 6% on Friday &#8211; its biggest advance since April &#8211; on Israeli military beginning the first ground raids into the Gaza Strip. U.S. equities declined on Friday when the dollar index edged up while safe-haven demand pushed U.S. Treasury yields [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-610476","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=610476"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610476\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=610476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=610476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=610476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}