Story perspectives

Rupee Drops 7% Amid RBI's $50 Billion Intervention

11/28/2025

Summary

Story summary

The Indian rupee has depreciated 7% between November 2024 and now, from INR83.4 to INR89.2 per U.S. dollar.
The Reserve Bank of India (RBI) intervened by selling about $50 billion in forex to stabilize the rupee.
Despite U.S.–India trade uncertainties, the rupee remains above its record low.
Analysts say improving U.S.–India trade relations could strengthen the rupee and push India to address its oil dependency through policies beyond bilateral deals.

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Story summary

The Indian rupee has depreciated 7% between November 2024 and now, from INR83.4 to INR89.2 per U.S. dollar.
The Reserve Bank of India (RBI) intervened by selling about $50 billion in forex to stabilize the rupee.
Despite U.S.–India trade uncertainties, the rupee remains above its record low.
Analysts say improving U.S.–India trade relations could strengthen the rupee and push India to address its oil dependency through policies beyond bilateral deals.