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RBI intervenes pre-market again to stabilize rupee
RBI sells dollars pre-open to support rupee and limit speculative volatility.
The Reserve Bank of India sold U.S. dollars via state banks just before market open, reinforcing support for the rupee and countering speculative pressure. This intervention helped the rupee open stronger at ~₹87.75 against the dollar, after facing headwinds in prior sessions. Analysts see the step as continued defense of the 88.00 mark. The RBI’s move underscores its commitment to smooth out volatility, especially ahead of global risk events and trade talks that could affect capital flows.