RBI's heavy FX footprint revives memories of a tightly managed rupee
· economictimes.indiatimes.com
The Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are actively engaging in dollar sales to ensure currency stability, reminiscent of a time when central bank measures were more decisive. Despite fluctuating oil prices, the rupee remains largely stable, with strong dollar inflows positively impacting India's foreign exchange reserves.
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