RBI's surprise, outsized intervention eases bearish bias on rupee
The Indian central bank's unexpected and decisive intervention in the foreign exchange markets over the past two days, worth ...
RBI sold at least $4 billion to prop up rupee, traders say
India's central bank aggressively sold between $4 billion and $7 billion to support the rupee, which faced record lows due to ...
Mint21d
Mint Primer | The significance of RBI’s plan to take the rupee global
The RBI’s goal was to promote the use of the rupee as an international currency, and to enable trade with Russia and other sanction-hit nations. A Vostro account is held by a domestic bank on ...
Indiatimes28d
RBI looks to retain stance on rupee amid volatility
The RBI will continue its currency market intervention strategy to manage excessive volatility and maintain macro-economic stability. The rupee hit a new low of 86.63 against the dollar amid ...