RBI sells $7.91 billion to support falling rupee
after close1 source ↓written by the desknot a recommendation
- in September
- $7.91 billion
- all-time low
- ₹88.80
- in August
- $7.7 billion
The Reserve Bank of India (RBI) sold $7.91 billion in September to stabilize the rupee, which hit an all-time low of ₹88.80. This move follows a previous sale of $7.7 billion in August amid ongoing trade tensions with the US and rising gold imports. The RBI's actions aim to curb exchange rate volatility and support the currency's stability.
Not investment advice. For informational purposes only.