RBI forex intervention

RBI net sold over $15 billion forex in December – The Times of India

February 19, 2025 0

MUMBAI: The Reserve Bank of India’s (RBI) intervention in the foreign exchange market to stabilise the rupee resulted in net sales of $15.2 billion in Dec 2024, latest data released by RBI on Wednesday showed. This was a drop of $5 billion from $20.2 billion in Nov 2024 when the then President-elect Donald Trump stoked fears of a tariff war, …

Rupee plunges nearly 3% in 2024, from 83.24 to record low of 85.59/$ – Times of India

January 1, 2025 0

Mumbai: The rupee ended 2024 on a weaker note, depreciating 2.8% against the US dollar to close the year at 85.59, down from Monday’s close of 84.54. This marked the seventh consecutive year of decline for the Indian currency. Dealers attributed the year-end drop to a possible shift in RBI’s forex intervention strategy, which may have allowed a slight correction …