FOREX TradingCharts.com
HOMECHARTS & QUOTESFOREX NEWSFOREX QUOTESLEARN FOREXFOREX BROKER LISTBOOKMARKFEEDBACK

Forex News: Indian Rupee Rises On RBI Malhotra's Intervention Comments

Indian Rupee Rises On RBI Malhotra's Intervention Comments

05/25/2026 - 08:51:00 (RTTNews)

(RTTNews) - The Indian rupee strengthened against the U.S. dollar in the European session on Monday, amid increasing anticipation of more Reserve Bank of India (RBI) intervention in foreign exchange markets.

Earlier in the day, RBI Governor Sanjay Malhotra said in an interview to Mint that the central bank is prepared to step in to stop one-way, disproportionate moves against the domestic currency.

Malhotra's confidence is bolstered by the fact that the central bank had sufficient measures, including reserves of around $700 billion, to curb any excessive speculative activity.

Additionally, Malhotra of the RBI expressed optimism that if the Middle East crisis begins to normalize, the Indian Rupee will begin to appreciate.

Also, the Indian Rupee was strengthened by a notable drop in oil prices at open due to increased expectations of the US-Iran deal. Oil prices have sharply increased after Iran said that coastal nations should handle the Strait of Hormuz issue.

European shares traded higher on hopes for a U.S.-Iran peace deal sent oil prices sharply lower and eased inflationary concerns.

Oil prices tumbled nearly 5 percent and the rupee extended gains for a third straight session to hit a two-week high at around 95.28 to the dollar after U.S. President Donald Trump said on Saturday a peace deal with Iran had been "largely negotiated."

Media reports suggested that the U.S. and Iran are working toward a deal to extend their fragile ceasefire by 60 days and reopen the Strait of Hormuz. Also, it was said that Tehran has agreed to dispose highly enriched uranium.

Against the U.S. dollar, the rupee rose to a 2-week high of 95.23 from an early low of 95.36.

If the rupee extends its uptrend, it is likely to find resistance around the 94.00 region.

Looking ahead, Canada wholesale sales data for April is due to be released in the New York session.

The U.S., U.K. and several key markets in Europe are closed for public holidays.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2026 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


U.S. Dollar Recovers Against Majors (15 hr(s), 39 min(s), 48 sec(s) ago)
(RTTNews) - The U.S. dollar recovered against its major counterparts in the New York session on Fr ...Full Story»
Antipodean Currencies Rise Amid Risk-Appetite (14 hr(s), 06 min(s), 49 sec(s) ago)
(RTTNews) - The antipodean currencies such as the Australia and the New Zealand dollars strengthen ...Full Story»
Antipodean Currencies Rise Amid Risk-Appetite (14 hr(s), 42 min(s), 49 sec(s) ago)
(RTTNews) - The antipodean currencies such as the Australia and the New Zealand dollars strengthen ...Full Story»
NZ Dollar Advances Against Majors (16 hr(s), 21 min(s), 49 sec(s) ago)
(RTTNews) - The New Zealand dollar strengthened against other major currencies in the Asian sessio ...Full Story»
Australian Dollar Rises Against Majors (16 hr(s), 27 min(s), 49 sec(s) ago)
(RTTNews) - The Australian dollar strengthened against other major currencies in the Asian session ...Full Story»
U.S. Dollar Slides After Weaker-Than-Expected Jobs Data Release (05 hr(s), 33 min(s), 49 sec(s) ago)
(RTTNews) - The U.S. Dollar value edged lower after analysts trimmed their expectations of any nea ...Full Story»
Yen Rises Amid Intervention Risks (14 hr(s), 57 min(s), 49 sec(s) ago)
(RTTNews) - The Japanese yen strengthened against other major currencies in the European session o ...Full Story»
U.S. Dollar Eases Against Most Majors (16 hr(s), 18 min(s), 49 sec(s) ago)
(RTTNews) - The U.S. dollar retreated against its most major counterparts in the New York session ...Full Story»
Search

FOREX NEWS

U.S. Dollar Recovers Against Majors

07/04/2026 - 06:55 AM (RTTNews)
(RTTNews) - The U.S. dollar recovered against its major counterparts in the New York session on Fr ...Full Story>>

Antipodean Currencies Rise Amid Risk-Appetite

07/03/2026 - 08:29 AM (RTTNews)
(RTTNews) - The antipodean currencies such as the Australia and the New Zealand dollars strengthen ...Full Story>>

Antipodean Currencies Rise Amid Risk-Appetite

07/03/2026 - 07:52 AM (RTTNews)
(RTTNews) - The antipodean currencies such as the Australia and the New Zealand dollars strengthen ...Full Story>>

NZ Dollar Advances Against Majors

07/03/2026 - 06:14 AM (RTTNews)
(RTTNews) - The New Zealand dollar strengthened against other major currencies in the Asian sessio ...Full Story>>

Australian Dollar Rises Against Majors

07/03/2026 - 06:07 AM (RTTNews)
(RTTNews) - The Australian dollar strengthened against other major currencies in the Asian session ...Full Story>>
USDCAD
Economic CalendarForex GlossaryForeign Exchange RatesForex Currency TradingForex ChartsCurrency FuturesPrivacy Policy Translate AdvertiseContact Us

Do not sell my personal information

Copyright © 2026. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.