Due to speculation about foreign exchange intervention, the Indian Rupee has strengthened.

During the Asian trading session, the Indian rupee strengthened against the US dollar, as the market speculated that authorities had intervened in the forex market; the currency had sharply weakened to a new low the previous day. Charlie Lay from the research department of Deutsche Bank said, according to reports, the Reserve Bank of India "has intervened in the forex market to curb the volatility of the rupee." The analyst wrote in a report that with India's large foreign exchange reserves and relatively stable macroeconomic fundamentals, the central bank is capable of "easing market pressure." Lay also said, "The Reserve Bank of India is unlikely to panic or target a stronger rupee, but may continue to suppress excessive volatility." Data from the London Stock Exchange Group showed that the US dollar fell by 0.5% to 91.62 rupees, after hitting a record high of 92.31 rupees overnight.