RBI Intervention Stabilizes Rupee Amid Global Pressures

• The rupee traded steadily against the US dollar, supported by RBI intervention despite global risk aversion and trade uncertainty.
• Public sector banks sold dollars on behalf of the Reserve Bank of India, with intervention possibly reaching USD 6 billion.
• Uncertainty over India–US trade talks and sustained importer demand for dollars limited the rupee's upside.
• Easing Brent crude prices offered some relief, but a firm dollar index prevented a sharper appreciation of the rupee.
• Experts view the recent volatility as a valuation adjustment rather than a deterioration in India's macro stability.

Why It Matters: RBI intervention was crucial in stabilizing the rupee against global headwinds and trade uncertainties.