Re rises most in 4 mths on RBI intervention
Financial Express Pune
|October 16, 2025
THE RESERVE BANK of India’s aggressive intervention led the rupee to rise on Wednesday, posting its biggest single-day gain since June 24. Rupee rose almost 1% during intra-day to touch the high of 87.99. It closed at 88.07, up 73 paise from the previous close.
“The RBI has been protecting the rupee at 88.80 for a while, signalling that it is not comfortable with the currency breaching 89. On Wednesday, the intervention became aggressive majorly to cut long positions built by traders who were speculating,” said a forex dealer at a private bank. The RBI was active both in onshore and offshore markets, dealers said.
यह कहानी Financial Express Pune के October 16, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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