Traders say the RBI intervened near the open to support the rupee — defending at the open rather than smoothing through the session reads as a line in the sand. The size of the defense, not the headli

What happened: The rupee opened stronger at 96.6825 per dollar, firmer than market indications of an opening near 96.80, amid signs of RBI intervention, traders said. Key numbers: Opening level 96.6825 per dollar. Market indications pointed to an opening near 96.80. All-time low is 96.96, hit in May. Why it matters: Traders attributed the firmer open to likely RBI intervention near the open, which supported the rupee relative to market indications.

RBI intervention near open signals rupee support, a key currency catalyst.

RBI intervention near open signals rupee support, a key currency catalyst. — impact context not separately stored; see What changed.