Rupee’s calm signals RBI may resume active currency support

Over the past two weeks, the rupee has shown unusually narrow fluctuations against the U.S. dollar, prompting speculation that the Reserve Bank of India may be intervening to defend stability. After plunging to a record low of ~₹88.80 in late September, the currency’s volatility compressed sharply. Traders note that the RBI may be reverting to prior policy of forceful intervention to curb speculative pressure under evolving global trade risks. (Reuters)