RBI steps in with heavy dollar sales to defend rupee: Report

May 22, 2026 - 14:30
RBI steps in with heavy dollar sales to defend rupee: Report

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The Reserve Bank of India aggressively intervened, selling billions to defend the rupee against sustained pressure. This significant dollar selling, even before markets opened, helped the currency strengthen. Elevated oil prices remain a key concern, with policymakers considering further measures, including a potential interest rate hike, to stabilize the rupee.

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