RBI sells dollars to support rupee, sources say

The RBI's dual-market intervention signals a more active defense of the rupee than typical onshore-only moves, reflecting heightened concern over external pressures. This affects importers, exporters, and foreign investors exposed to currency swings, as central bank action can temporarily anchor expectations but may not reverse broader trends. The key question is whether such sales are a one-off or a sustained strategy, and whether reserves drawdown becomes a pattern that markets start to price in.