Rupee ends flat as RBI intervention, portfolio flows blunt Fed hike impact

The Indian rupee stayed stable against the dollar on Thursday, bolstered by anticipated central bank interventions and equity index rebalancing inflows that limited declines. Meanwhile, most Asian currencies faced a downturn following the interest rate hike by the US Federal Reserve. The dollar index remained elevated, surpassing 100, while the Reserve Bank of India effectively curtailed surplus rupee liquidity from the market.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.