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India’s Rupee Gains as RBI Takes More Steps to Support Currency

Bloomberg Markets Tuesday 13 October 2026, 03:36 UTC By Bhaskar Dutta 1 min read
Key Points

Currencies India’s Rupee Gains as RBI Takes More Steps to Support Currency India’s rupee extended gains as the central bank announced more measures to support the currency which faces pressure from high oil prices and foreign outflows. The rupee rose as much as 0.8% to 95.0100, following Monday’s 1% gain, as the Reserve Bank of India extended curbs to prevent certain types of derivative transactions from pressuring the rupee. The currency is still down more than 5% this year, ranking as one...

Currencies India’s Rupee Gains as RBI Takes More Steps to Support Currency India’s rupee extended gains as the central bank announced more measures to support the currency which faces pressure from high oil prices and foreign outflows. The rupee rose as much as 0.8% to 95.0100, following Monday’s 1% gain, as the Reserve Bank of India extended curbs to prevent certain types of derivative transactions from pressuring the rupee. The currency is still down more than 5% this year, ranking as one of Asia’s weaker performers.
India (LOCATION) Rupee Gains (ORG) RBI (ORG) the Reserve Bank of India (ORG) Asia (LOCATION)
Originally published by Bloomberg Markets Read original →

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