The Reserve Bank of India has resumed aggressive pre-market forex intervention and capped bank positions to support the rupee at record lows near 95-96 per dollar.

The Indian rupee edged higher on Tuesday, recovering from an early dip near an all-time low. Dollar offers from state-run lenders and foreign banks provided support, with traders…

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

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…