Sell $100 Million Every Minute: Inside India’s Rupee Defense

The central bank's intervention has become more unpredictable, discouraging speculative trades but also risking a deeper slump in the rupee.

By Pratigya Vajpayee, Bhaskar Dutta, Anup Roy, Subhadip Sircar · Bloomberg

The central bank's intervention has become more unpredictable, discouraging speculative trades but also risking a deeper slump in the rupee.