18.02.202604:48:48UTC+00Indian Rupee Holds Steady Amid RBI Support

The Indian rupee held steady around 90.65 per dollar, trading in a tight band amid continued support from the Reserve Bank of India. The central bank has been repeatedly active in the 90.70–90.80 range, selling dollars to meet demand and curb excessive volatility. According to traders, this consistent intervention signals the RBI’s preferred zone for the currency pair, effectively dampening speculative activity.

At the same time, India’s recent trade agreements with the United States and the European Union, together with a growth-oriented federal budget, are providing a supportive macro backdrop. These developments bolster investor confidence and encourage potential capital inflows, helping to anchor the rupee.

However, a modest weakening in other Asian currencies and a firm US dollar index presented mild headwinds, keeping the rupee largely range-bound. Market participants are now focused on the Federal Reserve’s January meeting minutes and upcoming US economic releases for further guidance on the global policy outlook.