RBI Intervention To Manage Pace, not direction, Of INR Depreciation

The RBI has the reserves and the will to prevent disorderly depreciation

Sachin Sawrikar Managing Partner, Artha Bharat Investment Managers IFSC LLP,

FinTech BizNews Service

Mumbai, March 30, 2026: Mr. Sachin Sawrikar Managing Partner, Artha Bharat Investment Managers IFSC LLP, has shared a perspective on INR depreciation:

“"The rupee breaching Rs95 is the market’s verdict on a confluence of forces building for months, Brent crude above $105, FPI outflows exceeding $11 billion in March, and a widening current account deficit. This is not a one-session event.

The RBI has the reserves and the will to prevent disorderly depreciation, but intervention manages pace, not direction. What determines the floor is crude stabilisation, FPI sentiment, and India’s current account trajectory. Until then, volatility is the base case. Investors should price it in, not be surprised by it."