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7h agoRupee steady as likely central bank intervention counters importer dollar bids
India’s rupee held around 88.24 per U.S. dollar after briefly sliding to 88.345, supported by suspected intervention from the Reserve Bank of India ahead of month-end dollar demand and maturing non-deliverable forwards. Foreign investors in equities have modestly increased flows in October, and the offshore Chinese yuan strengthened amid U.S.–China trade optimism. Importers continued to bid for dollars but central-bank action helped anchor the currency despite external pressures and global policy uncertainty.
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neutral
7h agoRupee steady as likely central bank intervention counters importer dollar bids
India’s rupee held around 88.24 per U.S. dollar after briefly sliding to 88.345, supported by suspected intervention from the Reserve Bank of India ahead of month-end dollar demand and maturing non-deliverable forwards. Foreign investors in equities have modestly increased flows in October, and the offshore Chinese yuan strengthened amid U.S.–China trade optimism. Importers continued to bid for dollars but central-bank action helped anchor the currency despite external pressures and global policy uncertainty.
Explore:Mutual Fund AI Screening
neutral
Rupee steady as likely central bank intervention counters importer dollar bids
about 8 hours ago
1 min read
72 words
The rupee is steady around 88.24/USD amid suspected RBI intervention and moderate foreign inflows despite import-driven dollar demand.
India’s rupee held around 88.24 per U.S. dollar after briefly sliding to 88.345, supported by suspected intervention from the Reserve Bank of India ahead of month-end dollar demand and maturing non-deliverable forwards. Foreign investors in equities have modestly increased flows in October, and the offshore Chinese yuan strengthened amid U.S.–China trade optimism. Importers continued to bid for dollars but central-bank action helped anchor the currency despite external pressures and global policy uncertainty.
India’s rupee held around 88.24 per U.S. dollar after briefly sliding to 88.345, supported by suspected intervention from the Reserve Bank of India ahead of month-end dollar demand and maturing non-deliverable forwards. Foreign investors in equities have modestly increased flows in October, and the offshore Chinese yuan strengthened amid U.S.–China trade optimism. Importers continued to bid for dollars but central-bank action helped anchor the currency despite external pressures and global policy uncertainty.
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economy
India
economy
India
currency
FX
importers
Oct 29, 2025 • 20:30 IST