Reserve Bank of India is likely to have intervened to sell USD/INR, support rupee

The article says USD/INR fell sharply on speculation that the Reserve Bank of India intervened by selling dollars to support the rupee. The move is being attributed to market talk rather than confirmed official action, but the implication is that the RBI is actively defending the currency and trying to limit depreciation. For FX traders, the key takeaway is that downside pressure in USD/INR may be capped near-term if intervention continues, though the article provides no hard data or confirmation. The sentiment is mildly bearish for USD/INR and supportive of the rupee.