India's central bank sold $7 billion on Friday to stabilize the rupee as it approached a record low, driven by surging crude prices affecting Asian oil importers.

RBI intervenes in forex market, boosting the rupee to its strongest level in two weeks at 95.6425 per dollar.

The Indian rupee experienced a significant rebound on Tuesday, intensifying to its strongest position in two weeks. The decline in oil prices and the potential intervention by the…

India's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as the currency neared a record low. This intervention…