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 · Bloomberg Markets
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.