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RBI steps in with heavy dollar sales to defend rupee as currency rebounds from record lows: Report
The Reserve Bank of India (RBI) sold an estimated $2 billion to $3 billion on Thursday to defend the rupee against sustained pressure, and stepped in again on Friday, helping the currency strengthen past the 96-per-dollar mark, according to bankers cited by Reuters.
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economictimes.indiatimes.com
Rupee slumps to new low; rising import bill stokes inflation fears
The Indian Rupee reached a new record low against the US Dollar on Tuesday. Elevated crude oil prices and the ongoing conflict between the US and Iran impacted the currency.…
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thehindubusinessline.com
RBI intervenes as Rupee drops to record low
RBI intervenes as the rupee hits a record low, pressured by high oil prices and significant foreign investor withdrawals.
