Rupee sees largest single-day gain in 13 years
pre-market1 source ↓written by the desknot a recommendation
- rupee to soar
- 1.8%
- on Thursday
- ₹93.10
- against the dollar
- 10%
- to stabilize
- $51 billion
- decline
- 4%
The Reserve Bank of India implemented a two-stage clampdown, causing the rupee to soar 1.8% to ₹93.10 on Thursday. This marks the strongest one-day gain in over a decade, shifting dynamics in the rupee-dollar trade. The RBI's measures aim to curb speculative dollar demand amid ongoing volatility and foreign capital outflows. 💹
• Rupee had fallen 10% against the dollar in FY26
• RBI sold $51 billion to stabilize the currency in 2025
• March alone saw a 4% decline in the rupee
These developments may enhance market sentiment towards the rupee.
Not investment advice. For informational purposes only.