New Delhi, Aug. 14 -- The Indian rupee opened 6 paise higher at 95.38 against the US dollar on Friday, 14 August, gaining some relief from a pullback in crude oil prices after coming under sustained pressure through the week.

The rupee is down about 0.2% for the week, although bankers said the modest decline does not fully reflect the currency's underlying pressure.

The Reserve Bank of India's near-daily interventions across multiple levels have helped absorb persistent dollar demand and limit the rupee's decline, keeping movements relatively contained.

Bankers said the rupee could have weakened significantly more in the absence of RBI intervention. Maturities in the non-deliverable forward (NDF) market and strong dollar demand from im...