India’s Central Bank Intensifies Currency Intervention to Support the Rupee

The Reserve Bank of India is actively defending the rupee against depreciation pressures, bolstered by a recent surge in foreign exchange reserves amid higher global oil prices.

27 Aug, 01:00 — 27 Aug, 01:00

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bloombergHigh4h ago

RBI Is Showing Up Whenever Rupee Weakens in Intervention Shift

India’s central bank is intensifying efforts to support the rupee, emboldened by a jump in its foreign-exchange reserves to contest the pressure from higher oil prices.

By Subhadip Sircar, Pratigya Vajpayee and Bhaskar Dutta

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India’s Central Bank Intensifies Currency Intervention to Support the Rupee

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RBI Is Showing Up Whenever Rupee Weakens in Intervention Shift

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