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The Economic Times News

Markets / The Economic Times

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Rupee extends intervention-spurred rise, merchant flows dominate

The Indian rupee saw a slight gain on Thursday, recovering from a record low after the Reserve Bank of India's market intervention. Traders noted increased dollar sales and reduced speculative bets against the rupee. Analysts at HSBC recommend selling USD/INR, forecasting the rupee to reach 88 against the dollar by March 2026.

18 Dec 2025 4:02 pm