# Rupee closes stronger, RBI intervention blunts impact of surging dollar

> The rupee hit a record low of 84.5075 per dollar on Friday before closing at 84.4450, up 0.06%. The Reserve Bank of India sold dollars and told some banks to cut speculative bets against the currency, which helped it recover.

- Date: 2024-11-22 · published 2024-11-22T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/27703-rupee-closes-stronger-rbi-intervention-blunts-impact-of-surging-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Central bank intervention has limited the rupee's losses, which reduces the immediate impact on Indian import costs. The currency remains under pressure from the strong dollar.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/rupee-closes-stronger-rbi-intervention-blunts-impact-surging-dollar-2024-11-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.