RBI intervention keeps Indian rupee stable despite stock market decline and firm dollar

The rupee stayed flat on Friday as RBI support offset weak stocks and a firm dollar. The currency remains on track for its worst monthly decline since 2022.

洞察:
The Indian rupee traded largely flat on January 30, 2026, but remained near record lows as a firmer U.S. USUS dollar and weakness in local equity markets continued to pressure the currency. Intervention by the Reserve Bank of India helped keep the USD/INR exchange rate around the 92.00 pivot, providing a buffer against material capital flow weakness and elevated import-related dollar demand that have characterized the market this month.
A man holds Indian currency notes inside a shop in New Delhi, India, April 3, 2025. REUTERS/Adnan Abidi
A man holds Indian currency notes inside a shop in New Delhi, India, April 3, 2025. REUTERS/Adnan Abidi
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