Indian rupee edges higher as central bank intervention offsets corporate dollar demand
The rupee ended slightly higher today as central bank intervention offset corporate dollar demand. This action helped prevent the currency from falling past 91.
Insights:
The Reserve Bank of India likely sold dollars from the United States 
US in a pre-market foreign exchange intervention on February 12, 2026. This move briefly pushed the Indian rupee higher before corporate dollar demand eroded those gains later in the morning. The intervention was notable for its timing and scale, with aggressive sales being flagged by a large state-run lender .
US in a pre-market foreign exchange intervention on February 12, 2026. This move briefly pushed the Indian rupee higher before corporate dollar demand eroded those gains later in the morning. The intervention was notable for its timing and scale, with aggressive sales being flagged by a large state-run lender .
