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FX Daily Updates
India central bank likely active near 90 to dollar via state-run banks, traders say
georgemiller
Publish Date: Fri, 02 Jan 2026, 05:08 AM

MUMBAI, Jan 2 (Reuters) - The India rupee found support near the 90-per-dollar mark on Friday, with traders citing dollar sales by state-run banks, likely on behalf of the central bank.
The rupee was trading near 89.98, repeatedly finding support around the 90 level in the past hour.
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“The RBI's presence is more evident today, though it was probably there on recent days too," a trader at mid-sized private sector bank said.
https://www.reuters.com/world/india/india-central-bank-likely-active-near-90-dollar-via-state-run-banks-traders-say-2026-01-02/