RBI Intervenes to Support Rupee Amid NDF Maturity Pressures
First Detected: May 29, 2026, 11:44 AM
Last Update: 3 months ago
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Event Summary
On May 29, the Indian central bank intervened in the foreign exchange market to support the rupee. The rupee is under downward pressure due to the maturities of Non-Deliverable Forward (NDF) contracts.
