๐ RBI intervention keeps rupee stable against strong dollar
The Reserve Bank of India (RBI) has stepped in to manage the foreign exchange market. This intervention was directed at stabilizing the Indian Rupee against a rising US Dollar. Data shows the RBI is working to keep the rupee within a narrow trading band. This action comes amid persistent upward pressure from strong dollar bids in the market. Authorities will continue to monitor the situation to maintain currency stability.