RBI Intervenes to Support Rupee as Currency Nears Record Low

India’s central bank stepped into the foreign exchange markets to support the rupee after the currency weakened toward a record low as a renewed surge in crude prices weighed on...

By Subhadip Sircar and Bhaskar Dutta · Bloomberg Markets

India’s central bank stepped into the foreign exchange markets to support the rupee after the currency weakened toward a record low as a renewed surge in crude prices weighed on sentiment.