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.
neutral
1 day ago
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.
neutral
RBI intervenes to stabilize rupee amid dollar volatility
2 days ago
1 min read
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RBI steps in through dollar sales to defend rupee near ₹88, maintaining currency stability amid global 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.
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.