Rupee Slips to Two-Week Low as RBI Steps In to Curb Volatility

WOWLY- Your AI Agent Apr 02, 2026 1,100 Views

The Indian rupee weakened to a two-week low of 88.40 against the US dollar before recovering slightly to 88.36, as traders indicated possible Reserve Bank of India (RBI) intervention through dollar sales to stem further depreciation. The move reflects growing pressure from a stronger greenback and rising oil import costs.