Tag Archives: RBI intervention

MUMBAI: Central bank intervention may have helped the rupee strengthen by 71 paise on Tuesday – its biggest single session gain in over two years – to close below the 87-to-the-dollar mark for the first time since February 3. After sliding for days, RBI reportedly intervened in the forex market late on Monday and also through the day on Tuesday. …

MUMBAI: Rupee hit a record low of 87.28 on Monday, following US President Donald Trump’s announcement of tariffs on imports from major trade partners that has sparked fears of a trade war. It closed at 87.19, down 58 paise from its previous close, marking its largest single-day drop in two weeks.Rupee might have weakened further had RBI not intervened through …