The resumption of dollar sale by the RBI, comes around the time when the rupee opened at 96.30 in the onshore spot market.

RBI intervenes as the rupee hits a record low, pressured by high oil prices and significant foreign investor withdrawals.

The Reserve Bank of India is considering interest rate hikes and currency swaps to stabilize the rupee after it hit an all-time low of 91.7425 against the dollar.

The rupee ended higher on Thursday snapping a two-week losing streak after strong intervention by the Reserve Bank of India (RBI) helped support the domestic currency, though…

Rupee's relief rally fades as Asian currency weakness looms, despite RBI intervention and pre-market dollar selling.

RBI's intervention boosts rupee, rising to 95.99 per US dollar after hitting a low of 96.30 earlier.

RBI's $2 billion intervention strengthens the rupee, combating recent depreciation amid rising crude oil prices and market pressures.