The Reserve Bank of India aggressively sold dollars via state-run banks to halt the rupee's slide after it hit all-time lows. The intervention caused the rupee to surge significantly on the interbank market. This pre-open strategy, last used in March, aims to… For the full story, visit the source.
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RBI revives aggressive pre-market intervention to arrest rupee's slide, bankers say
The Reserve Bank of India aggressively sold dollars via state-run banks to halt the rupee's slide after it hit all-time lows. The intervention caused the rupee to surge significantly on the interbank market. This pre-open strategy, last used in March, aims to…
By Reuters· The Times of India· 5 months ago· 2 min read
