India's rupee surges following aggressive RBI dollar sales
RBI intervenes with dollar sales, pushing rupee sharply stronger and curbing bearish positions in markets.
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
News Feed
1 articles
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
positive
12h agoIndia's rupee surges following aggressive RBI dollar sales
The Indian rupee jumped to ~₹87.92 per U.S. dollar after the Reserve Bank of India intervened via state banks to sell dollars and counter bearish speculation. The move marked a shift from prior passive defense to active suppression of negative rupee bets. Traders unwound short positions, adding momentum to the rally. The shift comes amid dovish cues from global central banks, and is seen as a signal that RBI may defend stability more aggressively going forward.
positive
12h agoIndia's rupee surges following aggressive RBI dollar sales
The Indian rupee jumped to ~₹87.92 per U.S. dollar after the Reserve Bank of India intervened via state banks to sell dollars and counter bearish speculation. The move marked a shift from prior passive defense to active suppression of negative rupee bets. Traders unwound short positions, adding momentum to the rally. The shift comes amid dovish cues from global central banks, and is seen as a signal that RBI may defend stability more aggressively going forward.
positive
India's rupee surges following aggressive RBI dollar sales
about 13 hours ago
1 min read
76 words
RBI intervenes with dollar sales, pushing rupee sharply stronger and curbing bearish positions in markets.
The Indian rupee jumped to ~₹87.92 per U.S. dollar after the Reserve Bank of India intervened via state banks to sell dollars and counter bearish speculation. The move marked a shift from prior passive defense to active suppression of negative rupee bets. Traders unwound short positions, adding momentum to the rally. The shift comes amid dovish cues from global central banks, and is seen as a signal that RBI may defend stability more aggressively going forward.
The Indian rupee jumped to ~₹87.92 per U.S. dollar after the Reserve Bank of India intervened via state banks to sell dollars and counter bearish speculation. The move marked a shift from prior passive defense to active suppression of negative rupee bets. Traders unwound short positions, adding momentum to the rally. The shift comes amid dovish cues from global central banks, and is seen as a signal that RBI may defend stability more aggressively going forward.
Tags:
economy
FX
economy
FX
India
central bank
currency
Source: