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Rupee Near Two-Month Lows Despite RBI Holding Record Forex Reserves

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The Indian rupee continues to trade near its two-month lows, facing sustained downward pressure despite the Reserve Bank of India holding record foreign exchange reserves. The RBI has been actively intervening in currency markets to limit excessive volatility, but its efforts have not been enough to trigger a meaningful recovery. Currency experts suggest the rupee is unlikely to appreciate significantly in the near term. The disconnect between strong forex reserves and a weak rupee highlights the complex external and domestic factors weighing on the currency.

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Rupee Near Two-Month Lows Despite RBI Holding Record Forex Reserves · ShortSingh