RBI Intervention Supports Rupee Amid Dollar Strength and Outflows
The Reserve Bank of India intervened to support the Indian rupee on Monday, helping it hold steady against a strengthening dollar. The currency faced pressure from persistent global headwinds and foreign outflows from local stock markets.
The Indian rupee held its ground against a broadly stronger dollar on Monday after the Reserve Bank of India stepped in to support the currency, which remained under pressure from persistent global headwinds and foreign outflows from local stocks. 2650.