# How RBI is trying to keep the rupee strong - Rediff.com Business

> The Reserve Bank of India has begun intervening in the currency market to curb volatility, after the rupee fell to 66.90 per dollar on Wednesday and recovered to 66.66 on Friday. Foreign exchange reserves fell $2.5 billion to $423.58 billion in the week ended April 20. The rupee is the worst-performing Asian currency year to date, down 4.18%.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/65795-how-rbi-is-trying-to-keep-the-rupee-strong-rediff-com-business
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

RBI dollar sales support the rupee and cap import cost increases, but reserve drawdowns signal persistent outflow pressure. Intervention may limit near-term rupee weakness without reversing the trend.

## Read by commodity

- USDINR: bearish ▼

## Sources

- rediff.com: https://www.rediff.com/business/report/how-rbi-is-trying-to-keep-the-rupee-strong/20180430.htm

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