The Reserve Bank of India likely intervened in the foreign exchange market to shore up the rupee ahead of the local spot market open on Friday, five traders told Reuters.

The Indian rupee remained stable on Wednesday, supported by central bank intervention in spot and forward markets. Dollar sales from state-run banks prevented a significant fall,…

RBI recorded its biggest forex intervention in FY26, selling a record $53 billion to support the rupee amid tariff fears and capital outflows.

The Reserve Bank of India likely intervened in the foreign exchange market to shore up the rupee ahead of the local spot market open on Friday, five traders told Reuters.

The Reserve Bank of India, in its annual report, said the rupee weakened nearly 10% in FY26 due to trade uncertainties, a wider deficit, the Middle East conflict and FII outflows.…

The rupee ended the session at 95 per dollar, up 0.7% from the previous session, its best day since April 2

The rupee saw a significant jump on Friday, its best single-day gain in two months. This surge was driven by likely intervention from the central bank and a drop in oil prices.…

The rupee strengthened significantly on Friday, closing at 95.00 to the dollar, its best performance since April 2. This rise was attributed to central bank intervention, a…