neutral
Rupee holds steady as RBI interventions help counter global market volatility
The Indian rupee traded near 88.75 against the US dollar as the Reserve Bank of India continued measured interventions to manage volatility arising from global risk-off sentiment. Currency traders noted that strong domestic forex reserves and improved portfolio inflows into equities contributed to stability despite pressure from elevated crude prices and a firmer dollar index.
Analysts say that while near-term fluctuations may persist, India’s macro fundamentals remain supportive. Exporters and importers maintained staggered hedging positions, anticipating moderate swings ahead of upcoming US economic data releases.
Explore:Mutual Fund Themes
neutral
Rupee holds steady as RBI interventions help counter global market volatility
The Indian rupee traded near 88.75 against the US dollar as the Reserve Bank of India continued measured interventions to manage volatility arising from global risk-off sentiment. Currency traders noted that strong domestic forex reserves and improved portfolio inflows into equities contributed to stability despite pressure from elevated crude prices and a firmer dollar index.
Analysts say that while near-term fluctuations may persist, India’s macro fundamentals remain supportive. Exporters and importers maintained staggered hedging positions, anticipating moderate swings ahead of upcoming US economic data releases.
Explore:Mutual Fund Themes
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The rupee remained stable around 88.75 as RBI interventions and foreign inflows supported currency resilience despite global volatility.
The Indian rupee traded near 88.75 against the US dollar as the Reserve Bank of India continued measured interventions to manage volatility arising from global risk-off sentiment. Currency traders noted that strong domestic forex reserves and improved portfolio inflows into equities contributed to stability despite pressure from elevated crude prices and a firmer dollar index.
Analysts say that while near-term fluctuations may persist, India’s macro fundamentals remain supportive. Exporters and importers maintained staggered hedging positions, anticipating moderate swings ahead of upcoming US economic data releases.
The Indian rupee traded near 88.75 against the US dollar as the Reserve Bank of India continued measured interventions to manage volatility arising from global risk-off sentiment. Currency traders noted that strong domestic forex reserves and improved portfolio inflows into equities contributed to stability despite pressure from elevated crude prices and a firmer dollar index.
Analysts say that while near-term fluctuations may persist, India’s macro fundamentals remain supportive. Exporters and importers maintained staggered hedging positions, anticipating moderate swings ahead of upcoming US economic data releases.
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rupee
RBI
rupee
RBI
forex market
USDINR