RBI sold at least $8 billion in FX to support rupee
The Reserve Bank of India stepped up FX intervention last week, selling at least $8 billion to bolster the rupee, six bankers said, citing policy-driven dollar inflows that gave it more room to support the currency.
The Reserve Bank of India stepped up foreign-exchange intervention last week, selling at least $8 billion to support the rupee, six bankers said, as policy-driven dollar inflows gave the central bank more room to back the currency. The bankers estimated the RBI’…