By Kimberley Kao and Fabiana Negrin Ochoa

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…

The Reserve Bank of India sold $9.8 billion in March 2026 as the rupee dropped 4%, its steepest monthly decline since 2019, amid Iran conflict disruptions.

RBI navigates unprecedented economic pressures to stabilize the rupee amid inflation, growth challenges, and anticipated rate hikes.

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…

By Kimberley Kao and Fabiana Negrin Ochoa