Indian central bank likely intervenes as rupee nears record low, traders say

Image/REUTERS/Francis Mascarenhas/File Photo

VoM News Desk | July 23, 2026 | 10:03 AM IST | Breaking News, Business, Stock Market | Follow on Google News

Indian central bank likely intervenes as rupee nears record low, traders say

MUMBAI, July 23 (Reuters) – The Reserve Bank ​of India likely ‌intervened in the foreign exchange market ​on Thursday ​to limit the rupee’s ⁠losses as ​a relentless rise ​in oil prices deepened the South Asian ​unit’s drift ​back towards record lows.

The ‌rupee ⁠was at 96.48 per dollar, up 0.1% from ​its ​closing ⁠level in the previous ​session. The ​currency ⁠hit its all-time low of ⁠96.96 ​in May.

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