RBI intervenes to prevent rupee from falling below 92/$ mark
Business
The Indian rupee hit a new low against the US dollar, but RBI quickly stepped in—intervening in currency markets—to help the rupee bounce back a bit.
Why is a weaker rupee a concern?
A weaker rupee can make imports more expensive and push up import bills.
By defending the 92 mark, RBI sought to prevent the rupee from falling further and to smooth volatility.
Foreign investors pulled $4 billion out of Indian stocks
Foreign investors pulled $4 billion out of Indian stocks in January 2026, while companies needed more dollars too.
To manage this pressure, RBI has already sold dollars in spot and non-deliverable forward markets—moves that also boosted government funds and helped ease some fiscal worries.