RBI intervenes as rupee nears record lows
pre-market1 source ↓written by the desknot a recommendation
The Reserve Bank of India intervened in currency markets to support the rupee, which was close to all-time lows amid US-India trade uncertainties and a stronger dollar. This move involved actions in both non-deliverable forwards and the spot market, aiming to stabilize the currency and calm market nerves. 📉💹
Not investment advice. For informational purposes only.