Loading…
The Reserve Bank of India sold small amounts of dollars onshore to support the rupee after it slid to a record low of 96.9650 per dollar. The intervention followed elevated oil prices that pushed the currency weaker.
Central bank intervention limits the pace of rupee depreciation but does not reverse the pressure from high oil prices. Buyers should expect continued currency-driven volatility in Indian import costs.
bloomberg.comBhaskar Dutta, Subhadip SircarMay 20, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
