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The Indian rupee held its ground just shy of a record low on Monday, closing at 88.7775, as the Reserve Bank of India actively intervened to counter strong U.S. dollar demand.
The Indian rupee saw significant intraday volatility, initially rallying to a two-month high before falling back. Caution from India's Trade Minister on trade agreements dampened optimism, with the cu
After becoming Asia's worst-performing currency in 2025, the Indian rupee staged a dramatic recovery, gaining over 1% in three days from a near-record low.
India's rupee has shown unusual stability for three weeks, with volatility at a yearly low, sparking trader speculation of active management by the central bank.
The Indian rupee held steady near its record low of 88.80 against the U.S. dollar, supported by consistent intervention from the Reserve Bank of India.
The USD/INR exchange rate remains stable near 89.00 following the Reserve Bank of India's decision to hold its key interest rate at 5.5%.
The Indian rupee closed at a record low of 88.7875 against the U.S. dollar, marking its fifth straight month of decline amid rising trade tensions.
