India’s RBI Is Back Defending Rupee Low as October Gains Fizzle

The Indian rupee is inching closer to a new low again, with the central bank’s recent interventions providing only a limited respite for Asia’s worst-performing currency this year.

By Bhaskar Dutta, Subhadip Sircar · Bloomberg Markets

The Indian rupee is inching closer to a new low again, with the central bank’s recent interventions providing only a limited respite for Asia’s worst-performing currency this year.