RBI estimated to have deployed $3-5 billion in forex markets to defend rupee
RBI estimated to have sold $3–5B to support rupee, sparking its biggest rally in months.
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1 day agoRBI estimated to have deployed $3-5 billion in forex markets to defend rupee
Bankers estimate that the Reserve Bank of India intervened with $3 to $5 billion across spot and non-deliverable forward markets to stabilize the rupee. The move triggered the currency’s strongest single-day gain in months. Despite no official confirmation, market watchers deduced central bank action from trade volumes and pricing behavior. The intervention comes amid pressure from weak inflows, elevated gold demand, and U.S. interest rate risks. If sustained, it may shift rupee trajectory and influence external resilience in coming sessions.
positive
1 day agoRBI estimated to have deployed $3-5 billion in forex markets to defend rupee
Bankers estimate that the Reserve Bank of India intervened with $3 to $5 billion across spot and non-deliverable forward markets to stabilize the rupee. The move triggered the currency’s strongest single-day gain in months. Despite no official confirmation, market watchers deduced central bank action from trade volumes and pricing behavior. The intervention comes amid pressure from weak inflows, elevated gold demand, and U.S. interest rate risks. If sustained, it may shift rupee trajectory and influence external resilience in coming sessions.
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RBI estimated to have deployed $3-5 billion in forex markets to defend rupee
1 day ago
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RBI estimated to have sold $3–5B to support rupee, sparking its biggest rally in months.
Bankers estimate that the Reserve Bank of India intervened with $3 to $5 billion across spot and non-deliverable forward markets to stabilize the rupee. The move triggered the currency’s strongest single-day gain in months. Despite no official confirmation, market watchers deduced central bank action from trade volumes and pricing behavior. The intervention comes amid pressure from weak inflows, elevated gold demand, and U.S. interest rate risks. If sustained, it may shift rupee trajectory and influence external resilience in coming sessions.
Bankers estimate that the Reserve Bank of India intervened with $3 to $5 billion across spot and non-deliverable forward markets to stabilize the rupee. The move triggered the currency’s strongest single-day gain in months. Despite no official confirmation, market watchers deduced central bank action from trade volumes and pricing behavior. The intervention comes amid pressure from weak inflows, elevated gold demand, and U.S. interest rate risks. If sustained, it may shift rupee trajectory and influence external resilience in coming sessions.
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Oct 16, 2025 • 07:24 IST