According to CoinMeta, traders revealed that the Reserve Bank of India (RBI) may intervene in the foreign exchange market on Monday. This move is likely aimed at alleviating the uncertainty caused by the conflict between the United States and Iran, as well as the pressure on the Indian rupee due to corporate hedging fund flows. The market has observed state-owned banks selling dollars, which is most likely indicative of operations conducted on behalf of the RBI. Traders believe that the policy measures taken by the Indian government to strengthen its balance of payments have led to a strong inflow of funds, enhancing the RBI's ability to support the rupee through foreign exchange interventions.