BUSINESSJul 30 · 07:30 UTCBLOOMBERGPratigya Vajpayee and Bhaskar Dutta

INR/USD: India Central Bank Sold About $7 Billion to Defend Rupee on Friday

India’s central bank sold about $7 billion to defend the rupee on Friday, marking one of its largest direct interventions in months. The action was taken to stabilize the currency.

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