Traders say RBI likely intervened to limit rupee weakness as rupee trades narrow near mid-95s on Aug 25
On Aug 25 the Indian rupee traded in a narrow band around the mid-95s per USD and was little changed. Traders reported the Reserve Bank of India likely intervened to curb weakness amid corporate/importer dollar demand and elevated oil prices. Reports cite trader accounts; there is no contemporaneous RBI press statement confirming intervention or amounts.
