Key Highlights
- The rupee rose 1% to 90.0963, the highest increase since May 23.
- The RBI sold dollars aggressively to stabilize the currency.
- The rupee had previously hit a record low of 91.0750.
- Foreign outflows and trade deal delays had negatively impacted sentiment.
- The RBI is reported to have bought $5 billion of dollars via a foreign-exchange swap.
