Rupee's slide to record low puts Indian central bank back on the defensive - Reuters
Rupee's slide to record low puts Indian central bank back on the defensive Reuters
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<a href="https://news.google.com/rss/articles/CBMirwFBVV95cUxObE1UN2FCeWxOb3h4MjJsUVdFVTZ1OVlTZ0hhcGhqc2J0QUdMRHI1dzdFN0tldDZJOUtNcjhTTW1KcHFVOXNtdjFfWGNBSVV0cHNBS0ZDU0s2SzI4d29EQWVHUGplV0ZXbXRDODNBa212RVpzRTBiaUl0T3E5WWYzOGR0RFdCdS12ZklIdGZxdnJEYnRQLXMxVU5QZENnT0ZBT0xNOER2WFVneGxVU1BR?oc=5" target="_blank">Rupee's slide to record low puts Indian central bank back on the defensive</a> <font color="#6f6f6f">Reuters</font>
The Indian rupee closed at a record low of 94.8450 per dollar, influenced by rising oil prices and persistent foreign selling of Indian assets.
The Reserve Bank of India intervened to support the rupee, which had weakened to 94.80 per dollar, amid high crude oil prices and foreign outflows.
The Indian rupee fell to a record low of 95.3250, driven by concerns over rising crude oil prices and their impact on India's economy, prompting speculation about potential central bank interventions.
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