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Rupee rebounds after RBI curbs oil firms dollar demand boosting sentiment across markets
Economy
Published on 24 April 2026
RBI moves target state oil firms dollar buying next
The Indian rupee strengthened on Friday after a Reuters report said the RBI took a step to curb state-run oil companies’ dollar demand. That action built on earlier measures which have already narrowed the rupee’s underperformance versus other Asian currencies over the past fortnight. Traders expect reduced FX pressure from these demand controls to support the currency in the near term.
- Rupee rose on RBI measures tied to oil companies’ dollar demand
- Move reportedly targets state-run firms reducing FX pressure
- Underperformance versus Asia FX has narrowed over two weeks
- Market sentiment improved as dollar demand expectations eased
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times