The rupee breached ₹89 to the dollar in late November 2025, closing at about ₹89.46, and crucially has weakened against several other major currencies. Nominal and Real Effective Exchange Rate indicators show the decline is broad-based, indicating a “real” depreciation rather than a dollar-only move. India’s currency slid to record…
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RBI Warns Rupee Pressure, Eyes Market Intervention
NEW DELHI: The Reserve Bank of India (RBI) has signaled that the rupee is currently under speculative attack and confirmed it will intervene further to stabilize the currency amid growing market volatility. Analysts note that global pressures and capital flow fluctuations are driving the current depreciation. Speaking on the rupee’s…