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The Economic Times

Markets / The Economic Times

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India rupee gains for second straight day on RBI support

Wednesday's intervention followed a familiar playbook that the RBI used repeatedly last year, when it stepped in aggressively to push the rupee higher, aiming to disrupt one-way moves. Previous interventions came amid a build-up of speculative long dollar positions and expectations of consistent rupee depreciation, according to bankers.

7 Jan 2026 4:13 pm