RBI's grip on rupee | Mark To Market

The concerns surrounding coronavirus outbreak and ... moreThe concerns surrounding coronavirus outbreak and global economic growth have put pressure on the Indian rupee. But the biggest factor in rupee weakness is the RBI's intervention which remains strong. The exchange rate has dropped 3.2% since July despite good dollar inflows as the RBI incessantly bought dollars. This grip is unlikely to loosen in the coming months, according to currency dealers.