An informed trader revealed that the Bank of India has once again sold the US dollar in the domestic foreign exchange market, further boosting the strengthening of the local currency, the rupee. The person concerned requested anonymity because they were not authorized to speak publicly. The US dollar fell 0.5% against the Indian rupee to 94.4763, the biggest drop in the intraday period of 0.7%. A Reserve Bank of India spokesperson has yet to respond to the comment email.

An informed trader revealed that the Bank of India has once again sold the US dollar in the domestic foreign exchange market, further boosting the strengthening of the local currency, the rupee. The person concerned requested anonymity because they were not authorized to speak publicly. The US dollar fell 0.5% against the Indian rupee to 94.4763, the biggest drop in the intraday period of 0.7%. A Reserve Bank of India spokesperson has yet to respond to the comment email.