💨 Abstract
The Indian central bank is likely selling U.S. dollars to support the falling rupee, which is near its record low due to concerns about high oil prices and equity outflows. This intervention is a regular practice by the Reserve Bank of India over the past two months. Asian currencies generally rose while the U.S. dollar index remained stable.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
Suggested
Cricket-Australia's Green weighing back surgery, could miss India series
Soccer-Australia caretaker Sermanni wants injured Kerr at camp
Cricket-England beat Pakistan by innings and 47 runs in first test
Cricket-Dominant England thump Pakistan by innings and 47 runs in opening test
France's belt-tightening budget aimed at reining in debt, finance minister says
Israeli strikes kill 22 in Beirut as Hezbollah official evades assassination
India prices at premium after two months as festive season draws buyers
'Medical fraternity of India is concerned': IMA writes to Mamata on fast unto death by junior docs
Russia's Putin visits Turkmenistan, talks of need for new world order
Odisha: Artist makes miniature models of goddesses of ‘Shakti’ shrines in Ganjam
Powered by MessengerX.io