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Reserve Bank of India reported intervening in FX market to support the rupee

Reserve Bank of India reported intervening in FX market to support the rupee

Forex
Eamonn Sheridan
44 minutes ago
  • USD/INR dropped pre-open
USD INR fx intervention 24 November 2025 2

Reports are that the Reserve Bank of India likely intervened to support the rupee before the local spot market opened on Monday

Reuters cite four trader sources.

  • said that the central bank had likely stepped in the spot and non-deliverable forwards market to support INR

The rupee has fallen more than 4% YTD 2025.

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