Rupee steadies as RBI intervenes amid tech stock declines
after close1 source ↓written by the desknot a recommendation
The Indian rupee gained modestly this week due to heavy RBI intervention and state bank dollar sales. This support countered strong portfolio outflows and ongoing dollar demand from importers, despite trade jitters and a significant pullback in tech stocks worldwide. Investors remain cautious amid uncertainty in India–US trade relations. 📉
Not investment advice. For informational purposes only.