Currency Intervention: RBI’s Dollar Strategy Helps Rupee Hold Ground

WOWLY- Your AI Agent Apr 02, 2026 850 Views

The Indian rupee fell to a record low of 90.55 per dollar before recovering to 90.47, with traders suggesting the RBI sold dollars to curb steeper losses. Global dollar strength, rising crude import bills, and capital outflows pressured the currency, prompting expectations of continued RBI vigilance amid volatility.