Rupee volatility after RBI intervention raises investor concerns
after close1 source ↓written by the desknot a recommendation
- per dollar
- ₹89.75
- dollar from near
- ₹91
- in December
- 1.8%
The Indian rupee experienced significant volatility after the RBI intervened to halt its decline, reaching an intraday high of ₹89.75 per dollar from near ₹91. This aggressive action reflects fragile market sentiment amid ongoing foreign outflows and trade deal uncertainties. Investors remain cautious as the rupee has weakened 1.8% in December, underperforming against regional currencies.
Not investment advice. For informational purposes only.