India Rupee Defense Lifts Key Forex Tool Past $110 Billion Mark

The Reserve Bank of India’s use of a key tool for defending the rupee has passed the $110 billion mark in recent weeks to a new record, according to people...

By Bhaskar Dutta, Subhadip Sircar · Bloomberg Markets

The Reserve Bank of India’s use of a key tool for defending the rupee has passed the $110 billion mark in recent weeks to a new record, according to people familiar with the developments.