The Reserve Bank of India (RBI) was a net seller of $8.944 billion in the spot foreign exchange market in April, marking the second consecutive month of intervention to support the rupee amid persistent currency pressures.

The Reserve Bank of India (RBI) was a net seller of $8.944 billion in the spot foreign exchange market in April, marking the second consecutive month of intervention to support…

The Reserve Bank of India engaged vigorously in the forex market in April, offloading a net amount of $8.94 billion to protect the rupee from plunging to record lows caused by the…