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Traders: RBI likely selling dollars to support rupee
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According to traders cited by financial news outlet Jin10, the Reserve Bank of India (RBI) may be intervening in foreign exchange markets by selling U.S. dollars. The reported action is aimed at supporting the Indian rupee, which has faced depreciation pressure. The report is based on market speculation and trader observations, not on an official RBI statement. The exact scale or timing of any potential intervention is not specified. The news highlights ongoing concerns about currency stability in India and the central bank's role in managing exchange rate volatility.
Source report
Traders have indicated that the Reserve Bank of India (RBI) may be selling dollars in the foreign exchange market to support the rupee.
Source
金十数据Neutral / independent