India central bank sells dollars pre-open to defend rupee floor
RBI repeats pre-market dollar sales to support rupee and counter speculative downside pressure.
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2 days agoIndia central bank sells dollars pre-open to defend rupee floor
The Reserve Bank of India intervened before market open by selling U.S. dollars via state-run banks, aiming to reinforce the rupee and curb speculative dollar strength. This replicated midweek actions and helped the rupee open firmer. The intervention is seen as a signal that the central bank is drawing a line under the 88.00 level, especially amid volatile flows. Traders view the move as preventive — not necessarily trend-changing — but likely to limit sharp rupee downside on weak global cues.
neutral
2 days agoIndia central bank sells dollars pre-open to defend rupee floor
The Reserve Bank of India intervened before market open by selling U.S. dollars via state-run banks, aiming to reinforce the rupee and curb speculative dollar strength. This replicated midweek actions and helped the rupee open firmer. The intervention is seen as a signal that the central bank is drawing a line under the 88.00 level, especially amid volatile flows. Traders view the move as preventive — not necessarily trend-changing — but likely to limit sharp rupee downside on weak global cues.
neutral
India central bank sells dollars pre-open to defend rupee floor
3 days ago
1 min read
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RBI repeats pre-market dollar sales to support rupee and counter speculative downside pressure.
The Reserve Bank of India intervened before market open by selling U.S. dollars via state-run banks, aiming to reinforce the rupee and curb speculative dollar strength. This replicated midweek actions and helped the rupee open firmer. The intervention is seen as a signal that the central bank is drawing a line under the 88.00 level, especially amid volatile flows. Traders view the move as preventive — not necessarily trend-changing — but likely to limit sharp rupee downside on weak global cues.
The Reserve Bank of India intervened before market open by selling U.S. dollars via state-run banks, aiming to reinforce the rupee and curb speculative dollar strength. This replicated midweek actions and helped the rupee open firmer. The intervention is seen as a signal that the central bank is drawing a line under the 88.00 level, especially amid volatile flows. Traders view the move as preventive — not necessarily trend-changing — but likely to limit sharp rupee downside on weak global cues.
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economy
india
economy
india
fx intervention
rupee
Source:
Oct 17, 2025 • 05:30 IST