India’s central bank intervenes, injects up to $5B to stabilize rupee
To support the weakening rupee, the Reserve Bank of India reportedly sold $3–5 billion across spot and forward markets on October 16. The move is the largest known forex intervention in months, and lifted the rupee by over 1% intraday to ~87.70 per dollar. Though RBI declined to confirm, market evidence points to a deliberate stabilizing strategy amid forex pressures from tariffs, capital outflows, and import demand.
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2 days ago
India’s central bank intervenes, injects up to $5B to stabilize rupee
To support the weakening rupee, the Reserve Bank of India reportedly sold $3–5 billion across spot and forward markets on October 16. The move is the largest known forex intervention in months, and lifted the rupee by over 1% intraday to ~87.70 per dollar. Though RBI declined to confirm, market evidence points to a deliberate stabilizing strategy amid forex pressures from tariffs, capital outflows, and import demand.
neutral
India’s central bank intervenes, injects up to $5B to stabilize rupee
2 days ago
1 min read
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RBI intervenes with $3–5B to arrest rupee slide amid external pressures.
To support the weakening rupee, the Reserve Bank of India reportedly sold $3–5 billion across spot and forward markets on October 16. The move is the largest known forex intervention in months, and lifted the rupee by over 1% intraday to ~87.70 per dollar. Though RBI declined to confirm, market evidence points to a deliberate stabilizing strategy amid forex pressures from tariffs, capital outflows, and import demand.
To support the weakening rupee, the Reserve Bank of India reportedly sold $3–5 billion across spot and forward markets on October 16. The move is the largest known forex intervention in months, and lifted the rupee by over 1% intraday to ~87.70 per dollar. Though RBI declined to confirm, market evidence points to a deliberate stabilizing strategy amid forex pressures from tariffs, capital outflows, and import demand.