RBI intervenes to support rupee
On 30 September 2026 the RBI sold US dollars in the foreign exchange market after the rupee fell to an intraday low of 96.15 per dollar. The currency closed at 95.99 per dollar.
📌 Static GK link: RBI manages the exchange rate under the Foreign Exchange Management Act, 1999 and uses foreign exchange reserves for market intervention.
Source: Business Standard ↗