As a result of the RBI selling dollars, the rupee’s exchange rate versus the dollar rose by over 1 per cent during the day. By the close of day, the rupee had gained 0.7 per cent over the dollar and the exchange rate had shifted from 91.05 to a dollar to 90.09 to a dollar. The rapidity of this fall was particularly sharp as the rupee lost 3 per cent relative to the dollar since November 15. In the most recent monetary policy review on December 5, RBI Governor Sanjay Malhotra sounded sanguine about the rupee’s exchange rate trajectory as he delineated the RBI’s approach. “Our stated policy, always, has been that we allow the markets to determine (the value of rupee).

Source: Indian Express December 19, 2025 12:17 UTC