Rupee record low drives RBI $100bn action as Naira hits N1,362/$

India’s rupee has fallen to a record low against the US dollar, prompting the Reserve Bank of India (RBI) to ramp up intervention to nearly $100 billion in forward dollar positions. This development was reported by Money Control on Thursday. The move comes amid renewed pressure on emerging markets from a resurgent dollar, even as India’s foreign exchange reserves remain near record […]
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