RBI intervenes as the rupee hits a record low, pressured by high oil prices and significant foreign investor withdrawals.

India's foreign exchange reserves have dropped significantly as the Reserve Bank of India intervenes to manage rupee volatility. Surging crude oil prices and foreign investor…

Traders said the losses would have been steeper if not for likely dollar-selling intervention by the Reserve Bank of India. | World News

RBI intervenes as the rupee hits a record low, pressured by high oil prices and significant foreign investor withdrawals.

The rupee fell to a new closing low of 96.83 against the dollar as persistent foreign institutional investor outflows, rising crude oil prices, and global risk aversion weighed…

The Indian rupee strengthened on Thursday, marking its first gain in two weeks, following aggressive intervention by the central bank through dollar sales. A media report…

The rupee ended higher on Thursday snapping a two-week losing streak after strong intervention by the Reserve Bank of India (RBI) helped support the domestic currency, though…

RBI's $2 billion intervention strengthens the rupee, combating recent depreciation amid rising crude oil prices and market pressures.