RBI intervenes as oil prices push rupee near record low
pre-market1 source ↓written by the desknot a recommendation
- against the dollar
- 92.3450
- record low
- 92.3475
- recovered slightly
- 92.2850
The Reserve Bank of India intervened on 12 Mar 2026, selling dollars to stabilize the rupee, which fell to 92.3450 against the dollar, nearing its record low of 92.3475. After the intervention, the rupee recovered slightly to 92.2850. This move underscores the impact of rising oil prices on currency stability.
Not investment advice. For informational purposes only.