India Flags Need to Retain Stability as Rupee Drops on U.S. Risk

India Flags Need to Retain Stability as Rupee Drops on U.S. Risk

Kuni Takahashi/Bloomberg

The Reserve Bank since July 15 has raised the marginal standing facility and bank rates, capped cash injections into the banking system and tightened lenders' daily reserve requirements to curb the supply of rupees.