RBI prioritizes inflation over rate hikes to defend the rupee, despite market expectations and recent currency depreciation.

The Reserve Bank of India is considering interest rate hikes and currency swaps to stabilize the rupee after it hit an all-time low of 91.7425 against the dollar.

RBI considers interest rate hike to stabilize the rupee amid recent declines, following internal discussions among top officials.

India's RBI considers interest rate hikes and other measures to stabilize the rupee amid significant currency depreciation concerns.