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Rupee steadies ahead of U.S. yield surge as RBI intervenes
Rupee steadies near ₹88.
On 6 November 2025, the Indian rupee held steady near ₹88.60/USD as the Reserve Bank of India (RBI) continued dollar-sales to defend against further depreciation. The forward-premium for the rupee’s near-dollar contracts slid, signalling reduced speculative pressure. Traders said RBI’s vigilance has sapped some banking-system liquidity, which may prompt additional bond purchases if liquidity tightens further. The rupee’s resilience despite global rate-moves underscores India’s policy buffers and cautious external posture.