← Latest news 
RBI likely sold dollars to stop rupee sliding as oil and war fears hit markets
Economy
Published on 11 May 2026
Rupee touched a near 95 low as traders noticed
The RBI is widely believed to have intervened in the foreign exchange market to limit the rupee’s fall after it slid to around 94.9650 per US dollar. Traders point to renewed oil price strength and rising Middle East conflict worries, which are worsening the economic outlook and spilling over into stocks and bond yields.
- Rupee fell to roughly 94.9650 per dollar
- Traders say RBI likely intervened by selling dollars
- Oil price gains and Middle East tensions are driving pressure
- Markets reacted with hits to stocks and bond yields
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times