Indian rupee steadies as RBI intervention and importer demand offset weakness
The Indian Rupee is expected to open marginally higher on October 20, 2025, after recent interventions by the Reserve Bank of India (RBI) and strong importer dollar demand. One-month non-deliverable forwards indicate a range of 87.94-87.98 per USD, versus Friday’s 87.9750 close. Despite attaining one of Asia’s top weekly performances, the rupee remains vulnerable if it breaks above 88, which may invite further intervention. The outlook is tied to U.S.–India trade developments and global currency trends.
neutral
18h ago
Indian rupee steadies as RBI intervention and importer demand offset weakness
The Indian Rupee is expected to open marginally higher on October 20, 2025, after recent interventions by the Reserve Bank of India (RBI) and strong importer dollar demand. One-month non-deliverable forwards indicate a range of 87.94-87.98 per USD, versus Friday’s 87.9750 close. Despite attaining one of Asia’s top weekly performances, the rupee remains vulnerable if it breaks above 88, which may invite further intervention. The outlook is tied to U.S.–India trade developments and global currency trends.
neutral
Indian rupee steadies as RBI intervention and importer demand offset weakness
about 18 hours ago
1 min read
76 words
Rupee holds steady near 87.94-88 on RBI intervention and importer demand.
The Indian Rupee is expected to open marginally higher on October 20, 2025, after recent interventions by the Reserve Bank of India (RBI) and strong importer dollar demand. One-month non-deliverable forwards indicate a range of 87.94-87.98 per USD, versus Friday’s 87.9750 close. Despite attaining one of Asia’s top weekly performances, the rupee remains vulnerable if it breaks above 88, which may invite further intervention. The outlook is tied to U.S.–India trade developments and global currency trends.
The Indian Rupee is expected to open marginally higher on October 20, 2025, after recent interventions by the Reserve Bank of India (RBI) and strong importer dollar demand. One-month non-deliverable forwards indicate a range of 87.94-87.98 per USD, versus Friday’s 87.9750 close. Despite attaining one of Asia’s top weekly performances, the rupee remains vulnerable if it breaks above 88, which may invite further intervention. The outlook is tied to U.S.–India trade developments and global currency trends.