Rupee falls 22 paise to 96.57 against US dollar after RBI repo rate hike; Sanjay Malhotra says currency is undervalued

Rupee rises 22 paise on RBI intervention despite crude oil pressure

Foreign institutional investors (FIIs) recorded net selling of Rs 54,636 crore until October 16, although selling pressure eased towards the end of the period. Meanwhile, Brent crude prices retreated to around $108 per barrel after the US eased certain restrictions on Russian oil trade. 4 days ago