Rupee Rises 1% After RBI Unveils Currency-Support Measures
The Reserve Bank of India introduced a foreign-exchange risk reserve requirement and a special dollar window for state-run oil companies. The rupee recorded its biggest single-day gain in six months.
The rupee recorded its biggest daily gain since April after the central bank introduced a foreign-exchange risk reserve requirement and a special dollar window for state-run oil companiesThe Indian rupee recorded its biggest single-day gain in six months after the Reserve Bank of India introduced m…