INR/USD: India Draws Line in Sand for Rupee at 97 as RBI Steps Up Defense
India is defining its tolerance for rupee weakness with the central bank’s strongest currency defense in more than a decade reinforcing 97 as the limit.
By Pratigya Vajpayee · Bloomberg Markets
India is defining its tolerance for rupee weakness with the central bank’s strongest currency defense in more than a decade reinforcing 97 as the limit.