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RBI intervention blunts oil surge, stabilizes rupee amid market volatility
RBI intervenes to stabilize rupee amid oil price volatility. Crude oil reaching a new all-time high by September 30 at 11.6% YES.
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economictimes.indiatimes.com
Rupee languishes at two-month lows as supply worries raise oil prices
The Indian rupee hit a two-month low on Wednesday amid rising oil prices spurred by worries over Middle Eastern supply disruptions. In an effort to contain the rupee's decline,…
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RBI sold $6 billion in May to defend oil-hit Indian rupee, data shows
The Reserve Bank of India sold $6.1 billion in foreign exchange during May. This intervention occurred as oil prices surged, pushing the rupee to a record low. The central bank…
