FinanceTimes of India
Rupee rises to 96.49 against US dollar, rising oil prices limit gains
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The Indian rupee opened at 96.49 against the US dollar, up 0.1% from the previous close of 96.56.
Rising crude oil prices, with Brent crude above $96 a barrel, continue to pressure the rupee.
The Reserve Bank of India (RBI) intervened, being a net seller of $6.1 billion in forex in May, to limit sharper losses.
The rupee had touched a record low of 96.96 per dollar in May before recovering due to RBI measures.
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Times of India
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India's largest newspaper group by circulation.
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