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Tag

central bank intervention

2 articles

Macro & Rates54d ago

RBI Holds Rupee Above 85.50 as Oil Surge Drives Dollar Demand

State-run banks sold dollars Monday to counter rising crude prices and forward contract demand, keeping the rupee on the stronger side of 85.50.

Macro & Rates64d ago

RBI Sells $7 Billion to Defend Rupee Against Persistent Dollar Strength

India's central bank executed one of its largest direct interventions in months Friday, selling $7 billion to stabilize the rupee against a surging U.S. dollar.