The Indian rupee held steady against the U.S. dollar with minimal change, thanks to likely intervention by the Reserve Bank of India (RBI). Trading at 83.56 against the dollar, the rupee avoided a potential drop to an all-time low. Traders noted RBI’s intervention in the non-deliverable forwards (NDF) market, signaling its commitment to stabilize the currency amid global economic uncertainties. With the RBI’s assurance, the rupee is expected to remain within a narrow range despite local dollar bids from oil companies. Global markets await key U.S. inflation data and the Federal Reserve’s policy decision, which could impact Asian currencies.