The Indian rupee ended the day at 84.3838 against the US dollar on November 13, showing minimal change compared to the previous day's closing rate of 84.3938.
Despite the challenges posed by equity outflows, the Reserve Bank of India's interventions have effectively managed the currency's stability. The rupee's resilience can be attributed to the dollar index remaining relatively flat. Anil Kumar Bhansali, the head of treasury at Finrex Treasury Advisors LLP, suggested that the RBI's selling activities, combined with a potential decrease in foreign portfolio investors' purchases following significant declines in equity, have influenced the rupee's performance.