Rupee opens flat at 90.37 after RBI steps in

Business Dec 18, 2025

The rupee stayed steady against the dollar on Thursday, opening at 90.37 after a rough few days that saw it hit record lows and push past 91.

Why does this matter?

A falling rupee makes imported goods pricier and can drive up inflation—affecting everything from gadgets to travel.
The RBI's big move on December 17, where it stepped in to support the currency, helped stop a five-day slide.

What's behind the scenes?

Delays in a US-India trade deal and foreign investors pulling money out were dragging the rupee down.
To fight back, state banks sold dollars for the RBI, triggering the strongest one-day recovery in months.
Experts say things look stable for now if the rupee holds above 90, but everyone's watching global deals and investor moods for what comes next.