CAD/INR Holds Above Key Support as RBI Intervention Strengthens Rupee Stability

India's foreign exchange reserves have increased by $14.1 billion to $707 billion in the week ended August 7, 2026, giving the Reserve Bank of India greater capacity to stabilize the rupee and moderate short-term volatility in CAD/INR.

The central bank's recent direct intervention in the currency market has anchored rupee sentiment, countering excessive moves in the pair. Market reports point to persistent pressure on the rupee from foreign fund outflows and oil prices.

Despite this, CAD/INR is trading above its key moving averages, with a high probability of trading between ₹68.5151 and ₹69.2037 over the next day. Technical indicators show active buy signals and persistent overbought conditions.