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FX Daily Updates
Indian central bank steps in aggressively to boost struggling rupee, traders say
georgemiller
Publish Date: Wed, 17 Dec 2025, 03:53 AM

MUMBAI, Dec 17 (Reuters) - The Indian central bank intervened aggressively on Wednesday to boost a struggling rupee after the currency hit record lows for four consecutive trading sessions, dragged down by portfolio outflows and an ongoing U.S.-India trade stalemate.
The rupee rallied 0.7% to 90.25 in early trading after opening a tad lower on the day at 91.07.
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State-run banks were spotted offering dollars aggressively, most likely on behalf of the Reserve Bank of India, three traders told Reuters.
https://www.reuters.com/world/india/indian-central-bank-steps-aggressively-boost-struggling-rupee-traders-say-2025-12-17/