India Rupee Roars Back on RBI’s Support, Up Most in Seven Months

2417878D:FP,BOI:IN,KVB:IN,HDFCB:IN,FIX:IM

emerging-markets,brics,currency,government,currency-markets,banking

Malavika Kaur Makol

Bhaskar Dutta

Pratigya Vajpayee

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India’s rupee strengthened the most in seven months versus the dollar after the central bank sold dollars aggressively to support the currency

Rupee Gains Most Since May on RBI Intervention

Currency Exchanges in New Delhi as Indian Rupee Falls to Record on Worries About US Tariff Impact

India’s central bank stepped in forcefully to support the rupee, propelling it to the biggest gain in seven months in a move that some analysts said was intended to punish those betting on a one-way slide in the currency.

India Rupee Roars Back on RBI’s Support, Up Most in Seven Months: INR/USD

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