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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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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.
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cryptobriefing.com
Reserve Bank of India considers rate hikes and currency swaps to stabilize sliding rupee
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.
