Rupee gains 1% on RBI intervention, markets close higher
pre-market1 source ↓written by the desknot a recommendation
- on Friday
- 1%
- after hitting
- ₹89.27
- intraday high
- ₹89.2450
- to stabilize
- $2-3 billion
The Indian rupee strengthened by 1% on Friday, closing at ₹89.27 after hitting an intraday high of ₹89.2450. This marked its strongest single-day gain in over three years, driven by aggressive RBI intervention that sold $2-3 billion to stabilize the currency. Both Sensex and Nifty also ended higher, reflecting positive market sentiment.
Not investment advice. For informational purposes only.