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Rupee shielded by central bank intervention even as pressure lingers
The Economic Times· 2025-09-24 10:38
The rupee closed at 88.69 against the U.S. dollar, a whiskey away from its all-time low of 88.7975 hit on Tuesday. Traders said that the central bank likely intervened across segments such as non-deliverable forwards (NDF), The RBI did not immediately respond to an email seeking comment. The central bank "was present everywhere, leading to muted price-action" despite lingering pressure on the Indian currency amid a broad-based pick up in dollar strength, a trader at a state-run bank said.Live Events While ...