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Indonesia and India intervene to support weakening currencies as oil prices surge
Indonesia and India intervene in forex markets to defend weakening currencies amid surging oil prices, with BI raising rates to 5.25% and capping dollar purchases.
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thehindubusinessline.com
RBI records highest-ever dollar sales to defend rupee in FY26
RBI recorded its biggest forex intervention in FY26, selling a record $53 billion to support the rupee amid tariff fears and capital outflows.
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cryptobriefing.com
Indonesia and India intervene to support weakening currencies as oil prices surge
Indonesia and India intervene in forex markets to defend weakening currencies amid surging oil prices, with BI raising rates to 5.25% and capping dollar purchases.