Rupee Surges After RBI’s $5 Billion Intervention, Rebounds Sharply from Near-Record Lows
India’s currency markets witnessed a dramatic turnaround on October 16, 2025, as the Indian rupee rebounded sharply from near all-time lows following a decisive $5 billion intervention by the Reserve Bank of India (RBI). The central bank’s move, executed across spot and non-deliverable forward (NDF) markets, marked one of its largest single-day operations in recent…