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The Economic Times

World / The Economic Times

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RBI intervention halts rupee's slide to record low, risks linger

The Indian rupee struggles amid climbing oil prices and a weakening of Asian currencies. Despite the Reserve Bank of India's intervention, traders remain wary regarding the future of the currency. Many market players doubt that a central bank interest rate hike will stem capital flight, while escalating Brent crude prices raise alarms over possible Middle Eastern supply issues.

8 Oct 2026 4:23 pm