Market move● Neutral for Indian equities
RBI likely steps in to defend rupee and drain excess cash, traders say
The brief
- The rupee was at 96.41 per dollar, recovering slightly from an early low of 96.43
- Rupee weakness and RBI intervention risks matter for import-heavy sectors and banks
- SP Group unit raises $460 million in rupee debt to repay loans
- RBI poised for first rate hike in almost four years as rupee and inflation weigh
- Airlines seek relief on airport charges and fuel costs amid West Asia conflict
- RBI MPC October 2026: Rate-hike dilemma deepens as crude, rupee pressures mount; experts weigh in
- India Inc braces for weaker rupee as importer hedges hit record $77 billion