The Reserve Bank of India is exploring options like interest rate hikes, currency swaps, and overseas dollar investments to address rupee volatility, sources revealed.
This comes after record slide toward ₹97 against dollar
May 21, 2026
02:32 pm
What's the storyThe Reserve Bank of India (RBI) is exploring various measures to stabilize the rupee, including an interest rate hike.
The move comes after the Indian currency hit a new low of nearly ₹97 against the US dollar this week.
Reserve Bank of India considers rate hikes and currency swaps to stabilize sliding rupee
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