RBI intervenes to stabilize rupee amid dollar volatility

The Reserve Bank of India intervened in currency markets via state-owned banks to prevent the rupee from breaching ₹88 against the U.S. dollar. Pre-market dollar sales helped contain early volatility, reflecting RBI’s proactive stance to curb speculative pressure. Traders said consistent intervention is keeping short-term rates stable. Despite global headwinds, the rupee remains one of Asia’s best-performing currencies this quarter.