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Rupee rallies strongly after RBI announces new measures to attract foreign investors amid Middle East conflict
Giving a major boost to the rupee, Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced several steps to attract foreign capital at a time when the US-Iran conflict is putting pressure on India’s external sector resilience.
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thehindubusinessline.com
Rupee dented by oil price jump, equity weakness; likely RBI intervention caps losses
Uncertainty over the next chapter in the US-Iran war has also injected significant complexity in the Reserve Bank of India’s monetary policy decision due on Friday
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Rupee support measures likely to give RBI room to hold for now
India considers measures to support the rupee, allowing the RBI to maintain current interest rates amid inflation concerns.
