2026-01-13 04:02:31

The trading floor is buzzing with talk about India's central bank making moves in the foreign exchange market. According to market participants, the Reserve Bank of India appears to be actively selling dollars to support the rupee, with the currency holding steady around the ₹90.25 level against the greenback.

Traders are picking up on the pattern of intervention, suggesting deliberate efforts to prevent further rupee depreciation. The move reflects broader concerns about currency stability amid global monetary shifts and capital flow dynamics.

For crypto market watchers, such central bank interventions in emerging markets often signal liquidity pressures and shifts in monetary policy stance across different regions. When major central banks adjust their dollar operations, it can ripple through global asset markets, including digital assets that increasingly serve as alternative hedges during currency volatility.

The rupee's relative stability at this level, combined with suspected RBI support, indicates policymakers are keen on maintaining currency resilience—a common playbook among developing economy central banks navigating complex external pressures.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

6 Likes

Reward
6
6
Repost
Share

Comment

0/400

FlashLoanLarry

· 01-13 04:32

rbi playing the classic "defend the peg" game... watched this thesis play out a hundred times. opportunity cost of those dollar reserves just keeps climbing tho, ngl. when intervention becomes the only tool left, you know liquidity depth's getting thin. thesis validated once again.

Reply0

LightningClicker

· 01-13 04:31

The Reserve Bank of India has started to intervene again. It seems like every time the rupee fluctuates, they have to step in... This tactic is quite similar to what we do here.

View OriginalReply0

ChainComedian

· 01-13 04:28

RBI is starting to flood the market again to support prices, I’m familiar with this tactic... Wait, what does this mean for the crypto world? Whenever there’s a slight movement in emerging markets, capital rushes into crypto assets. This time, it’s going to be interesting.

View OriginalReply0

CommunityJanitor

· 01-13 04:14

Once again, they are defending the market, the central bank is pouring money to stabilize it RBI's move is more obvious than ever, why pretend otherwise? The Indian Rupee has stabilized, giving our crypto circle something to watch The Rupee defense battle, isn't this just a sample for BTC? Central bank actions are frequent, the signs of liquidity tightening are too obvious ninety point two five, what is the Reserve Bank of India betting on? The story of emerging markets, crypto investors should take a good look It's the old routine of central banks stepping in to rescue the market, how long can this last?

View OriginalReply0

AirdropSweaterFan

· 01-13 04:13

RBI is starting to defend the market again, holding tightly at the 90.25 level, clearly bleeding out.

View OriginalReply0

TokenomicsPolice

· 01-13 04:05

RBI has started supporting the market again. The 90.25 level should be the bottom line. The Reserve Bank of India’s recent actions are indeed transparent... Speaking of which, with the rupee depreciating so much, could it be pushing Indian retail investors towards the crypto space?

View OriginalReply0