RBI may intervene to manage rupee volatility: Report

New Delhi: As the Indian rupee fell below the 88 mark against the US dollar amidst tariff concerns and FII outflows, Reserve Bank of India is likely to intervene to manage excessive volatility, a report said on Wednesday.

CareEdge Ratings, in a report, maintained its FY26-end USD/INR forecast at 85–87, supported by a soft dollar, a firm yuan, India’s manageable current account deficit, and the prospect of a US–India trade deal.

“India’s forex reserves remain healthy at around $703 billion, near an all-time high, giving the RBI scope to intervene in the currency market and curb currency volatility if needed,” the ratings agency suggested.