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RBI sells dollars aggressively in morning FX move, rupee strengthens
RBI intervenes with dollar sales to stabilize rupee, which strengthens amid speculative unwinds.
India’s central bank intervened sharply in early trade to sell U.S. dollars via state banks, aiming to halt rupee depreciation. The rupee strengthened from ~₹88.26 to ~₹87.75 as stop-losses triggered and speculative long positions unwind. The move marks a return to proactive FX defense after periods of passive stances. Analysts say this may become a recurring tool given external pressures and volatility ahead of key global data. Source URL: https://www.reuters.com/world/india/aggressive-central-bank-intervention-helps-rupee-rise-above-88usd-traders-say-2025-10-15/