The Indian Rupee (INR) experienced a significant rebound against the US Dollar (USD) during Wednesday's opening session, with the USD/INR currency pair plummeting over 1% to approximately 90.00. This sharp decline follows the Reserve Bank of India’s (RBI) active intervention in both the spot and Non-deliverable Forward (NDF) markets, aimed at stabilizing the rupee amid recent volatility.
The RBI's actions successfully curbed the rupee's depreciation, which had previously soared to an all-time high of 91.56 against the dollar. This intervention not only reflects the central bank's commitment to maintaining exchange rate stability but also signals potential future measures to manage market fluctuations effectively. As traders adjust to this development, the outlook for the INR may hinge on ongoing RBI policies and broader market dynamics.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-17 05:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.