RBI reportedly sold dollars to support the INR currency

Newsquawk Staff · 12 May 2026, 04:05 UTC

RBI reportedly sold dollars to support the INR currency.

What it means

The Reserve Bank of India (RBI) intervening in the forex market to sell dollars is a strategic move to support the Indian Rupee amid pressure. This action likely indicates the RBI's concern over currency stability and could reflect broader economic conditions influencing capital flows. Traders should watch for potential implications on rates and risk sentiment as the central bank balances its dual mandate of currency stability and inflation control.

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EU Market Open, 23 Oct, 06:20 UTC · what it led with

APAC equities were under pressure, mostly following the negative tech-led Wall St. handover; European futures now point to a contained open.
USD modestly firmer vs major peers, EUR awaits Moody's and weekend French activity while the NZD made a marginal recovery.

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