RBI Intervenes as Rupee Nears Record Low Against Dollar
India's central bank, the Reserve Bank of India (RBI), has taken measures to support the rupee as it approaches record lows near 97 against the US dollar. The RBI opened a special dollar window for public sector oil companies to meet their daily foreign exchange needs and tightened regulations to curb speculative bets against the rupee in the forex market amid rising oil prices.
Financial Times·




