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Rupee Gains as RBI Signals More Steps to Curb Forex Speculation

Bloomberg Markets Wednesday 14 October 2026, 05:31 UTC By Bhaskar Dutta 1 min read
Key Points

Currencies Rupee Gains as RBI Signals More Steps to Curb Forex Speculation India’s rupee gained as the central bank chief said the authority would consider more steps to thwart speculative bets, days after announcing sweeping measures to bolster the currency. Central bank intervention also fueled the advance. The rupee strengthened as much as 0.6% to 94.7525 per dollar on Wednesday, adding to a 1.5% gain over the past two sessions, as Reserve Bank of India Governor Sanjay Malhotra pledged to...

Currencies Rupee Gains as RBI Signals More Steps to Curb Forex Speculation India’s rupee gained as the central bank chief said the authority would consider more steps to thwart speculative bets, days after announcing sweeping measures to bolster the currency. Central bank intervention also fueled the advance. The rupee strengthened as much as 0.6% to 94.7525 per dollar on Wednesday, adding to a 1.5% gain over the past two sessions, as Reserve Bank of India Governor Sanjay Malhotra pledged to do whatever necessary to ensure orderly currency moves. He told Moneycontrol late Tuesday that the RBI saw significant speculation in currency derivatives and undue pessimism about India’s economy in forex markets.
RBI Signals More Steps to (ORG) Reserve Bank of India (ORG) Sanjay Malhotra (PERSON) Moneycontrol (ORG) RBI (ORG) India (LOCATION)
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