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Re rebounds as RBI comes to the rescue
Financial Express Mumbai
|December 18, 2025
AFTER CLOSING AT new lows for four consecutive sessions, the rupee recovered by 66 paise on Wednesday to close at ₹90.38 against the dollar - the biggest single-day gain in two months.
According to dealers, the Reserve Bank of India (RBI) stepped in with dollar sales to stem the continuous decline and curb speculation. During intra-day trade, the local currency appreciated almost 1% to a high of 90.09.
The rupee, which breached the 91-mark for the first time on Tuesday, has hit multiple record lows over the past week. The slide from 90 to 91 took less than two weeks.
This story is from the December 18, 2025 edition of Financial Express Mumbai.
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