Rupee’s steepest rise in 4 months said to come on RBI’s dollar sales

October 16, 2025

The Indian Rupee strengthened significantly on Wednesday, closing at 88.0750 against the US Dollar. This sharp appreciation followed substantial dollar sales by the Reserve Bank of India. Market observers believe this intervention aimed to curb speculative long-dollar positions. The Rupee had previously traded within a narrower range for three weeks.

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