India's central bank intervened in forex markets, selling dollars offshore and onshore, as the rupee approached a record low amid rising crude oil prices.
RBI sold dollars to support the rupee
Jul 20, 2026
02:36 pm
What's the storyThe Reserve Bank of India (RBI) has stepped in to stabilize the Indian rupee, which is nearing a record low.
The intervention comes after a recent spike in crude oil prices impacted market sentiment.
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RBI intervenes as the rupee hits a record low, pressured by high oil prices and significant foreign investor withdrawals.
The Reserve Bank of India intervened by selling dollars to prevent the rupee from reaching a record low. Surging oil prices and…
