RBI Intervenes to Support Rupee as Currency Nears Record Low
RBI Rupee intervention
Covered by 4 sources
- Economic Times·3d agoIndian banks mobilise $20.7 billion under RBI's special incentive window
In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve Bank of India. Out of this amount, Foreign Currency Non-Resident Deposits accounted for $17.41…
Read at Economic Times → - ET Markets·3d agoRupee hits two-month low, oil prices remain focal point
The Indian rupee hit a two-month low on Monday as oil prices hovered around ninety dollars per barrel. In an effort to stabilize the currency, the Reserve Bank of India intervened by unloading dollars into the market. Meanwhile, Asian currencies and stock performances were…
Read at ET Markets → - Business Standard·3d agoRBI intervenes to support rupee as it nears record low on oil price surge
The Reserve Bank of India sold dollars in both offshore and onshore markets, traders familiar with the matter said
Read at Business Standard → - Bloomberg Markets·3d agoRBI 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 sentiment.
Read at Bloomberg Markets →