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The RBI has been selling about $1 billion a day in the currency market through state-run banks, according to bankers. The rupee is on a nine-day slide and nearing 97 per dollar, with high oil prices and rising US Treasury yields weighing on it.
Heavy daily intervention is slowing but not halting rupee losses, which keeps India's import costs elevated. The rupee's drop, which makes it Asia's worst-performing currency this year, supports the case for continued currency-driven pressure on Indian buyers.
marketscreener.comReutersMay 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.
