A number of trading sources, who did not wish to be named, revealed that the Bank of India sold the US dollar in the onshore and offshore foreign exchange markets to stabilize the rupee exchange rate. The person concerned did not have the right to speak out publicly, so they chose to remain anonymous. The dollar fell 0.7% against the Indian rupee to 95.9225. Traders said that the scale of the central bank's sale of US dollars this time was higher than previous recent operations, and the sell-off operation started around 96.15 at the exchange rate. A spokesperson for the Reserve Bank of India has yet to respond to the comment email. Geographic tension in the Middle East has eased, international crude oil prices have declined, and the rupee has already strengthened slightly. The central bank has taken steps to sell the US dollar against this background.

A number of trading sources, who did not wish to be named, revealed that the Bank of India sold the US dollar in the onshore and offshore foreign exchange markets to stabilize the rupee exchange rate. The person concerned did not have the right to speak out publicly, so they chose to remain anonymous. The dollar fell 0.7% against the Indian rupee to 95.9225. Traders said that the scale of the central bank's sale of US dollars this time was higher than previous recent operations, and the sell-off operation started around 96.15 at the exchange rate. A spokesperson for the Reserve Bank of India has yet to respond to the comment email. Geographic tension in the Middle East has eased, international crude oil prices have declined, and the rupee has already strengthened slightly. The central bank has taken steps to sell the US dollar against this background.