Rupee Perks up as Strong Central Bank Intervention Whacks Bearish Wagers

Rupee perks up as strong central bank intervention whacks bearish wagers

INDIA-MARKETS-RUPEE:Rupee perks up as strong central bank intervention whacks bearish wagers

Rupee Rises Sharply Against US Dollar On RBI Intervention

The rupee settled sharply higher against the US dollar, despite paring some gains from its intraday high. The Reserve Bank of India (RBI) intervened …

RBI Steps In Aggressively to Defend Rupee, Mirroring February Intervention

The Reserve Bank of India (RBI) intervened heavily in the foreign exchange market on Wednesday to support the weakening rupee, traders said, describing the move as reminiscent of the central bank’s decisive action earlier in February. The RBI began selling dollars through state-run banks even before the 9:00 a.m. market opening, signalling its intent to curb further depreciation and reassert control over the currency’s trajectory. The rupee open…

Indian Rupee advances on possible RBI’s intervention, IMF raises India's GDP growth forecast

The Indian Rupee (INR) trades firmly against the US Dollar (USD) during afternoon trading hours in India on Wednesday. The USD/INR pair posts a fresh three-week low near 88.10 as the US Dollar extends its weakness, with Federal Reserve (Fed) dovish expectations returning under the spotlight.