Rupee Stabilizes Near 91 Level Amid RBI Intervention and Market Flows

The Indian rupee showed limited movement recently, with the Reserve Bank of India intervening to prevent it from breaching the 91 level against the US dollar. Despite modest capital inflows, non-deliverable forward (NDF) maturity-linked dollar bids contributed to the rupee ending largely flat. Market activity included steady performances in major stocks such as SBI, Axis Bank, HDFC Bank, Infosys, Wipro, and NTPC amid ongoing financial market developments.