RBI considers rate hike to stabilize weakening rupee
after close1 source ↓written by the desknot a recommendation
- is set
- 5 June
The Reserve Bank of India (RBI) is exploring measures to stabilize the rupee, which recently hit a low of almost ₹97 per dollar. Options include a potential interest rate hike, currency swaps, and raising dollars from overseas investors. The next monetary policy decision is set for 5 June. 💼
These actions may impact market sentiment and bond yields, as the RBI aims to curb volatility in the currency markets.
Not investment advice. For informational purposes only.