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The Reserve Bank of India (RBI) is considering all its disposable options to stabilise the rupee, including an interest rate hike, Bloomberg News reported connected Thursday (May 21, 2026), citing radical familiar with the matter.
Top officials astatine the RBI, including Governor Sanjay Malhotra, person held a bid of internal meetings to sermon the people of enactment after the plunge in the rupee, the study said.
This comes aft the rupee made a caller debased of 96.95 connected Wednesday (May 20, 2026), and aboriginal closed astatine 96.86, which was besides a caller closing debased arsenic request for dollars continued with the dollar scale higher and crude lipid prices remaining connected the higher side.
The rupee recovered 41 paise from its all-time closing debased to 96.45 against the U.S. dollar successful aboriginal commercialized connected Thursday (May 21), aft U.S. President Donald Trump indicated that negotiations with Iran were entering the last stages.
Investors are inactive gauging the geopolitical hazard and lipid terms sensitivity successful the inheritance with immoderate flare-up successful West Asia tensions oregon spikes successful crude, forex traders said.
At the interbank overseas speech market, the rupee opened astatine 96.25 against the U.S. dollar, past touched 96.45 successful aboriginal trade, up 41 paise from its all-time beingness debased of 96.86 against the U.S. dollar connected Wednesday.
