The Economic Times

Rupee opens at 93.59/$ vs previous close of 94.81/$ amid RBI curbs on net open positions

The Indian rupee opened stronger today after the Reserve Bank of India introduced new rules. These curbs are expected to lead to banks selling dollars. However, importers and oil companies might buy dollars to hedge their positions. This comes as Brent crude oil prices rise. The rupee has faced significant pressure recently due to outflows and oil price concerns.