RBI Intervention & Rupee Valuation The Reserve Bank of India executed strategic dollar sales in **November**. This intervention was primarily aimed at stabilizing the Indian rupee and managing volatility in the foreign exchange market. The currency witnessed depreciation trends throughout **last year**. Correspondingly, the rupee's Real Effective Exchange Rate (REER) also registered a decline. This decrease in the REER reflects a recalibration of the rupee's weighted average strength relative to a basket of other major currencies.