GEOPOLITICS | RBI Steps Up Rupee Support as Oil Prices Pressure Currency
India’s central bank is intensifying efforts to support the rupee as higher oil prices weigh on the currency, according to Bloomberg. The Reserve Bank of India has been emboldened by a jump in foreign-exchange reserves to contest the pressure.
India’s central bank is intensifying efforts to support the rupee as higher oil prices weigh on the currency, according to Bloomberg. The Reserve Bank of India has been emboldened by a jump in foreign-exchange reserves to contest the pressure.