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Rupee gains, closes at 86.9 as RBI intervenes
The New Indian Express Coimbatore
|February 12, 2025
THE rupee, which has been bleeding for long, rallied sharply on Tuesday after RBI's heavy-handed intervention, triggering stop losses for speculators betting against the currency.
The rupee, which was near sensitive 88-mark on Monday, rallied to close at 86.888, biggest single-day gain since March 2023. This is significant as equity market has seen a mayhem due to 25% tariff plans US president Donald Trump a
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