Affected by the Bank of India's sell-off of dollars and hedging the impact of rising oil prices on the local currency, the rupee exchange rate climbed to a two-month high and performed better than other Asian currencies. Higher crude oil prices have heightened concerns about rising inflation in India, and bond prices have weakened slightly. The dollar fell 0.3% against the Indian rupee to 94.9075. The conflict between the US and Iran has once again escalated, and uncertainty about the prospects for energy transportation in the Strait of Hormuz has increased. Crude oil has risen for the second consecutive trading day, and Brent crude oil has broken through 91 US dollars per barrel. Dileep Palmar, a foreign exchange analyst at HDFC Securities, said that the rupee was initially boosted by the Bank of India's intervention in offshore and onshore markets, but importers used every fall in the dollar against the rupee as a time to buy foreign exchange. The 95 mark has important psychological significance for dollar buyers, and the geographical situation and the uncertainty of oil prices further amplify the importance of this point. Capital inflows from overseas foreign exchange deposit schemes are cooperating with the Bank of India's intervention in the foreign exchange market to provide support for the rupee.

Affected by the Bank of India's sell-off of dollars and hedging the impact of rising oil prices on the local currency, the rupee exchange rate climbed to a two-month high and performed better than other Asian currencies. Higher crude oil prices have heightened concerns about rising inflation in India, and bond prices have weakened slightly. The dollar fell 0.3% against the Indian rupee to 94.9075. The conflict between the US and Iran has once again escalated, and uncertainty about the prospects for energy transportation in the Strait of Hormuz has increased. Crude oil has risen for the second consecutive trading day, and Brent crude oil has broken through 91 US dollars per barrel. Dileep Palmar, a foreign exchange analyst at HDFC Securities, said that the rupee was initially boosted by the Bank of India's intervention in offshore and onshore markets, but importers used every fall in the dollar against the rupee as a time to buy foreign exchange. The 95 mark has important psychological significance for dollar buyers, and the geographical situation and the uncertainty of oil prices further amplify the importance of this point. Capital inflows from overseas foreign exchange deposit schemes are cooperating with the Bank of India's intervention in the foreign exchange market to provide support for the rupee.