The Indian rupee rallied past ₹88/USD, aided by aggressive RBI intervention.
Traders say the central bank stepped in to support the currency amid dollar weakness.
The move underlines India’s commitment to defending exchange rate levels.
The stronger rupee relieves some margin pressure for importers.
But sustained gains depend on global rate trends and capital flo
ws.
Currency moves will feed into equity and bond markets via sentiment.
Stocks with foreign exposure or USD costs may respond more sharply.
Traders may hedge or reduce exposure in vulnerable names.
Watch how rupee action influences flows and directional bi
as in equities.
Stop loss discipline in currency-sensitive stocks is critical now.