Rupee Rebounds From Record Low After RBI Intervention | Forex Market Update | Business News | ET Now
Автор: ET Now
Загружено: 2026-03-05
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Rupee Rebounds From Record Low After RBI Intervention | Forex Market Update | Business News | ET Now
The Indian Rupee staged a strong rebound after hitting a record low of 92.31 against the US dollar, supported by RBI intervention in the forex market.
State-run banks reportedly sold dollars on behalf of the Reserve Bank of India, helping the rupee recover 0.6% to close at 91.6 per dollar.
The recovery also came amid geopolitical developments in West Asia, while demand for dollars from refiners remained strong. Notably, the rupee emerged as the biggest gainer among Asian currencies during the session.
Watch the full report to understand what triggered the rupee’s rebound, RBI’s role, and what it means for markets and investors.
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