The Indian Rupee strengthens for a fourth session after RBI official hints at further intervention to stabilize the currency.
The Indian Rupee (INR) extended its rally against the US Dollar (USD) on Monday, with the USD/INR pair falling to near 95.20, its lowest level in almost two weeks. The move follows comments from an RBI official suggesting potential further intervention to support the currency.
The Rupee has now declined for four consecutive trading sessions, reflecting sustained selling pressure on the USD. Market participants are monitoring the RBI’s stance amid broader dollar weakness and domestic economic cues.
No immediate market reaction was specified, but traders are likely to watch for further RBI actions or guidance in the coming sessions.