Rupee Strengthens Following RBI’s Firm Defence of 87.40-87.50 Territory

The Indian rupee has strengthened recently, supported by the Reserve Bank of India’s (RBI) firm defence of the 87.40-87.50 territory against the U.S. dollar. This defence has been crucial in curbing speculative bets against the currency, particularly during periods of broad-based interbank dollar sales. As of early March 2025, the rupee was valued at 87.1550 per U.S. dollar, marking a modest
The Indian rupee has strengthened recently, supported by the Reserve Bank of India’s (RBI) firm defence of the 87.40-87.50 territory against the U.S. dollar. This defence has been crucial in curbing speculative bets against the currency, particularly during periods of broad-based interbank dollar sales. As of early March 2025, the rupee was valued at 87.1550 per U.S. dollar, marking a modest
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