This was the second consecutive day the rupee appreciated past the 85 levels, but could not sustain there due to likely intervention by the Reserve Bank of India. RBI also likely intervened around the weaker 85.38/$1 levels by selling dollars, traders said.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.
December 11, 2025