RBI intervenes in forex market to stabilize rupee

Business Nov 11, 2025

The Reserve Bank of India (RBI) is taking action to calm the rupee's recent slide, which has seen the currency hit new lows and become quite volatile.
Instead of trying to fix the rupee at a certain value, RBI is working behind the scenes in both regular and offshore markets to keep things from getting too bumpy.

Rupee down by about 3.65% this year

A mix of global issues like US tariffs, ongoing wars, and foreign investors pulling money out of India has pushed the rupee down by about 3.65% this year.
To help out, RBI has spent over $43 billion since December 2024—mainly through big state-owned banks—to curb wild swings while still protecting India's foreign exchange reserves.
It's a balancing act meant to keep things stable without burning through all our backup funds.