15 Oct 2025 | 5 Mins Read
India central bank intervenes to stabilize rupee
Flipitmoney
The Reserve Bank of India intervened heavily in the currency market to defend the rupee, selling dollars through state-run banks before market open and pushing the dollar-rupee pair significantly lower. The rupee opened at 88.26, below Tuesday's level, and rallied to 87.75 after stop-loss orders on long dollar positions were triggered, with the RBI successfully flushing out speculative shorts.