BankingAfter close
RBI intervenes as rupee stabilizes against dollar
after close1 source ↓written by the desknot a recommendation
- per US dollar
- ₹88.6550
- comes
- 0.1% increase
- this year due
- 3%
India’s rupee strengthened slightly to ₹88.6550 per US dollar after the Reserve Bank of India intervened to counteract strong dollar demand and foreign outflows. This 0.1% increase comes amid a three-month high for the US dollar index, despite the rupee being down 3% this year due to external pressures.
The RBI's actions may provide short-term relief for traders, but ongoing dollar demand and investment outflows could limit further gains.
Not investment advice. For informational purposes only.