💨 Abstract

The Indian rupee remained stable on Monday due to potential RBI intervention, counteracting pressure from falling local equities and ongoing foreign portfolio outflows this quarter. The rupee was at 84.3875 against the US dollar, little changed from last week. State-run banks offered dollars near 84.40 levels, likely on behalf of RBI.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖