“RBI Intervenes to Stabilize Rupee as Currency Nears Record Low”
The Reserve Bank of India (RBI) likely stepped in to stabilize the rupee on Wednesday, as the currency neared its all-time low amid strong dollar demand in the interbank market, according to traders. Rupee Nears Record Low The rupee traded at 87.2175 to the US dollar as of 12:15 PM IST, marking a 0.2% drop […]