RBI Intervenes Heavily to Stabilise the Rupee

After the rupee fell to multi‑year lows, the Reserve Bank of India reportedly injected over $10 billion into currency markets over two days, marking its most significant direct intervention in recent memory. This coordinated effort successfully halted further depreciation, lifting the rupee by almost 1% and calming foreign exchange market jitters. The central bank has emphasized its readiness to act swiftly and decisively against speculative pressure. Such intervention reflects a delicate balancing act: maintaining currency stability while avoiding the pitfalls of sustained volatility.