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The Indian Central Bank is suspected of intervening in the market as the rupee moves away from near historical low levels.

GateNews

2025-11-04 04:08:49

Jin10 data on November 4th reported that after the Indian Central Bank's suspected market intervention, the Indian Rupee rebounded significantly on Tuesday, moving away from near historical lows. The Indian Rupee rose 0.4% against the US Dollar to 88.3925, marking the largest single-day rise since October 15. According to traders, the Indian Central Bank sold dollars in the offshore forex market at 9 AM local time before the onshore market opened to support the Exchange Rate. On Monday, the Rupee briefly depreciated to 88.80, just a step away from the historical low of 88.8050 set in September.

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