Mumbai, November 17, 2025:
The Indian rupee continued to face downward pressure on Monday, with traders closely monitoring whether the Reserve Bank of India (RBI) will step in to stabilise the currency amid a fresh wave of global market volatility. The persistent weakness in the rupee comes as rising U.S. Treasury yields and firm crude oil prices weigh heavily on emerging-market currencies.
Forex dealers noted that heightened dollar strength and persistent foreign fund outflows have added strain on the domestic currency, prompting speculation around an imminent RBI intervention through spot market sales or forward market adjustments.
Bond markets also showed signs of tightening, with Indian bond yields expected to rise further, tracking global cues and concerns over inflation persistence. Higher U.S. yields and geopolitical uncertainties have amplified risk-off sentiment, pushing investors toward safer assets.
Analysts say that unless global conditions ease, the rupee may remain range-bound with a weakening bias, while the RBI’s actions will be crucial in preventing sharper volatility.
Market participants are now watching upcoming economic data, oil price trends, and RBI liquidity operations as key indicators for near-term currency movement.
