RBI Aggressively Intervenes to Boost Struggling Rupee

• India's central bank aggressively sold dollars on Wednesday to support the rupee.
• The rupee rallied to 89.75 against the U.S. dollar from near 91.00 after the intervention.
• RBI's action aims to prevent one-way speculative moves and counter the rupee's recent decline.
• This intervention mirrors similar aggressive efforts by the RBI in October and November.
• Prior to the intervention, the rupee had weakened over 1% in four sessions, hitting new lows.

Why It Matters: RBI stepped in forcefully to stabilize the rupee, halting its sharp decline and curbing speculation.