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Traders told Reuters that the Reserve Bank of India likely sold dollars before the spot market opened on February 20. The intervention was probably aimed at keeping the rupee from falling past 91 per dollar.
Strong dollar buying in the NDF market had weighed on the currency the previous day.
Central bank dollar sales cap rupee weakness, which limits the rise in India's dollar-denominated feed import costs.
reuters.comFeb 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.
