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₹ posts best day in a month on RBI $ sales
March 06, 2026
|Business Standard
A day after hitting a fresh low and breaching the 92 mark against the dollar, the rupee on Thursday gained 0.6 per cent to become the best-performing Asian currency, supported by dollar sales by the central bank.
Dealers estimated that the Reserve Bank of India (RBI) sold around $5-6 billion during the day.
The domestic currency had fallen to a fresh low of 92.30 per dollar during Wednesday's session, weighed down by escalating geopolitical tensions in West Asia.
On Thursday, the rupee settled at 91.61 per dollar, compared with the previous close of 92.15 per dollar. It was also one of only two Asian currencies that appreciated against the greenback during the session.
"The currency traded within an intraday range of 91.4091.64 per dollar following intervention by the RBI, which reportedly sold dollars through state-run banks to stabilise the currency," said Abhishek Goenka, founder and CEO of IFA Global.
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