14 Nov 2025 | 5 Mins Read
RBI sells dollars to stabilize the rupee
Flipitmoney
India's central bank intervened to support the rupee, selling dollars in the offshore non-deliverable forwards market as it traded near a record low. The RBI sold about $20 billion in foreign-exchange reserves in six weeks and helped steady the currency at 88.87 per dollar, after sliding 0.4%. Analysts forecast a rebound once a US-US trade deal is finalized.