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Tag

central bank intervention

1 article

RBI Sells $7 Billion to Defend Rupee Against Persistent Dollar Strength
Macro & Rates1h 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.