India Rupee Gains After RBI's FX Curbs and Intervention
The Indian rupee has outperformed other Asian currencies, rising 1.4% against the US dollar in two days following fresh foreign exchange curbs and intervention by the Reserve Bank of India (RBI). RBI Governor Sanjay Malhotra emphasized the central bank's commitment to ensuring orderly rupee movement amid corporate hedging activities. The measures aim to stabilize the currency and prevent excessive volatility.
Reuters·


