---
title: "Indian central bank likely selling dollars to limit rupee's fall, traders say"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285880494.md"
description: "The Indian central bank is reportedly selling dollars to stabilize the rupee, which fell to 94.9650 per dollar amid rising oil prices and economic concerns. The rupee recovered slightly to 94.9050, down 0.4%. Prime Minister Modi's call for fuel conservation has heightened market caution due to the Middle East conflict. Additionally, India's Nifty 50 index dropped 1%, and the yield on the 10-year benchmark note rose to 7.02%."
datetime: "2026-05-11T04:23:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285880494.md)
  - [en](https://longbridge.com/en/news/285880494.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285880494.md)
---

# Indian central bank likely selling dollars to limit rupee's fall, traders say

MUMBAI, May 11 (Reuters) - The Indian central bank likely intervened in the foreign exchange market on Monday to limit the rupee's fall, three traders told Reuters, as a renewed surge in oil prices surfaced worries over the risks to India's economic outlook. The rupee declined to a low of 94.9650 per dollar, before paring losses to last trade at 94.9050, down 0.4% on the day and tracking losses

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