The Reserve Bank of India is exploring multiple options to stabilize the rupee, which recently hit a fresh low. These include a potential interest rate hike, increased currency swaps, and raising dollars from overseas investors through deposit schemes and sovereign bonds. Policymakers recognize the rupee's rapid depreciation and are prioritizing its stabilization.

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

India's RBI faces a currency crisis, considering 2013 strategies to stabilize the rupee amid record lows and rising import costs.

The Indian rupee strengthened to close above 96 per dollar for the first time in a week, following aggressive interventions by the Reserve Bank of India. The central bank sold…