India Rupee shows strong rebound on firm RBI support

May 23, 2026

On Friday, the Indian rupee made a notable leap, finishing the day above the 96 per dollar threshold. The surge was largely attributed to robust actions from the Reserve Bank of India, following a dip towards 97 mid-week. Traders noted a wave of dollar offerings from state-run banks, part of a broader strategy to stabilize the rupee’s performance.

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