Rupee Surges 0.4% Against Dollar: Central Bank Intervention Fuels Rally

The Indian rupee opened stronger on Wednesday, February 12, 2025, appreciating 0.4% to 86.4750 per US dollar from its previous close of 86.8275. This rally is largely attributed to the Reserve Bank of India's recent market interventions. Analysts predict the upward trend may continue, with the 1-month non-deliverable forward indicating an opening range of 86.70-86.75. The currency's performance reflects India's economic resilience amid global uncertainties. Investors are closely watching for further central bank actions and potential impacts on import-export dynamics.

Sources: Reuters, MarketScreener, Wise