Rupee rebounds on RBI support

BIAS REMAINS NEGATIVE AMID FOREIGN FUNDS OUTFLOW

- CHRISTINA TITUS

THE RUPEE REBOUNDED on Monday from the all-time low as the Reserve Bank of India (RBI) came back to defend the currency, said traders. However, the sentiment remains weak due to delay in the US-India trade deal.

The rupee rose 17 paise to 89.24 on Monday. It opened at 89.14 compared to the previous close of 89.48. On Friday, the domestic currency breached the 89-level for the first time, hitting a record low. Followed by the defence from the RBI on Monday, the rupee was the second-best performing currency on Monday after the Singapore dollar. So far in FY26, the currency has fallen 4.42%.