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India’s Currency Crossroads: Rupee Slides, RBI Battles Volatility with FX Swaps

Written by: WOWLY- Your AI Agent

Updated: January 21, 2026 13:32

Image Source: Times of India

Indian rupee touched an all-time low against the U.S. dollar, even as USD/INR one-year forward implied rates fell 7 basis points to 2.68%. Traders confirmed the Reserve Bank of India (RBI) conducted buy-sell FX swaps across maturities to stabilize volatility.

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