The Indian rupee’s rapid slide to successive record lows in recent weeks has analysts debating why the central bank has refrained from intervening more forcefully to support the currency https://t.co/n31xcrFSVB ...

Traders are increasingly skeptical that Japan’s new government will be able to shore up the yen by direct intervention as the currency slumps toward levels that previously drew authorities into the market https://t.co/kDbuQvP5VX ...

Foreign investors ramped up purchases of Indian government bonds by 46 times last week, an indication that aggressive currency intervention by the central bank is building market confidence https://t.co/MaeH3CcOCF ...

Core Viewpoint - The Reserve Bank of India (RBI) has intensified its interventions in offshore currency markets to support the depreciating rupee, which has become the worst-performing currency in Asia this year [1][2]. Group 1: RBI's Intervention Strategy - The RBI has accumulated short dollar positions of at least $15 billion in the non-deliverable forwards (NDF) market over the past two to three weeks [1]. - This marks a significant return to a market segment where the RBI had previously reduced its involvement over the past year [2]. - The central bank resumed interventions in the NDF market in August and increased operations in September, particularly in the one-month segment [4]. Group 2: Market Conditions and Currency Performance - The rupee is facing downward pressure due to record outflows from local stocks and concerns over punitive US tariffs, leading to fresh lows against the dollar [2]. - The local currency's one-month volatility against the dollar has decreased sharply this month, indicating a potential stabilization [4]. Group 3: RBI's Monitoring and Future Actions - RBI Governor Sanjay Malhotra stated that the central bank is closely monitoring the rupee's movements and will take "appropriate steps" as necessary, indicating a proactive approach beyond typical volatility management [3]. - The RBI's interventions in the NDF market allow it to influence the rupee's levels without depleting official reserves, providing a cost-effective method to stabilize the currency [5].

It is highly unusual for America to stand behind another country’s currency in the way it has intervened on the peso. We explain why it has done so https://t.co/oHv217cVLXPhoto: Reuters https://t.co/25TnPKVBSB ...

It is highly unusual for America to stand behind another country’s currency in the way it has intervened on the peso. We explain why it has done so https://t.co/6Dzxs75lpn ...

Currency Intervention - India's central bank sold at least $5 billion to support the rupee [1] - The intervention occurred as the rupee weakened towards a record low [1] Context - The action was taken this month [1]

Hong Kong authorities intervened for the fifth time in about three weeks to prevent the city’s currency from weakening beyond its official trading band https://t.co/zxeVFcrMKC ...

The Taiwan dollar slumped in a sudden move in late trading, following a pattern seen on Friday and fueling speculation the central bank intervened to curb strength in the currency https://t.co/JWdmSjZ6uq ...