Rupee bounces back as RBI steps in

Business Nov 24, 2025

The Indian Rupee got a boost on Monday, opening at 89.15 against the US Dollar after the Reserve Bank of India (RBI) stepped in to support it.
Their timely intervention in currency markets helped stop the rupee from sliding further after last week's record low.

Why it matters: risks still ahead

Even with this rebound, Ritesh Bhansali says things could get shaky if the RBI pulls back—hinting that the rupee might slip past 90 per dollar.
The currency has already dropped 4.5% this year, making it one of Asia's weakest and raising worries about rising prices and money leaving India, especially since India's trade deficit just hit a new high.