India’s central bank battles to protect rupee from Iran war fallout
RBI burns through more than $20bn of foreign exchange reserves this month trying to defend currency, say bankers
Related reading
India struggles to stabilise rupee as war creates depreciation pressure
Foreign exchange reserves decline sharply as Iran conflict highlights the RBI’s reluctance to let currency float
India’s central bank makes it harder to short the rupee
Currency rises after RBI blocks non-deliverable derivatives in the onshore market
The Iran war dilemma for central bankers
What happened after the pandemic is an imperfect guide for the latest shock
Investors dump Indian assets as energy shock sends rupee sliding
Fallout from Iran war has made fastest-growing major economy ‘not a country to be invested in’
Soaring growth puts India’s central bank in tough spot
Blistering GDP reading raises doubts about RBI cut amid questions about quality of official data
Iran launches 10mn rial banknote as war triggers dash for cash
Iranians queue to get hold of highest-ever denomination bills as US-Israeli strikes fuel demand for hard currency