The Times of India News

Rupee at 90 per US dollar: What is RBI doing to defend it? Sell $100 Million Every Minute!

The Indian rupee is experiencing significant pressure, hitting record lows against the US dollar due to trade deficits, US tariffs, and capital outflows. The Reserve Bank of India is reportedly employing a sophisticated, unpredictable intervention strategy, communicating confidential directives to dealers to manage volatility without depleting reserves or hindering growth. This approach aims to curb speculation while maintaining market stability.