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RBI Intervenes to Support Rupee as Currency Nears Record Low
India’s central bank intervened in the foreign exchange markets to support the rupee as the currency weakened toward a record low. The decline was attributed to a renewed surge in crude prices affecting market sentiment.
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Adjacent reporting
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- Rupee Slips as Traders Assess Impact of RBI’s FX Market Easing
- Indian Rupee Leads Asian Peers on Falling Crude, Capital Push
- India presses banks to court diaspora’s deposits as rupee weakens
- Emerging Stocks at Two-Week Low, Currencies Stay Under Pressure
- Indian central bank holds firm on key rate as rupee suffers historic lows