RBI supports rupee as Asian currencies decline
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹88.65
- in the Sensex
- 0.3% dip
The Indian rupee remained stable at ₹88.65 against the US dollar this week, contrasting with a decline in most Asian currencies. This stability is attributed to the Reserve Bank of India’s consistent interventions in the foreign exchange market, including regular dollar sales to manage liquidity. Despite a 0.3% dip in the Sensex and Nifty 50, the rupee's resilience reflects effective central bank support.
Not investment advice. For informational purposes only.