RBI Said To Have Sold At Least $5 Billion To Boost Rupee

RBI sells over $5 billion in dollar market intervention to support Rupee: Report

The Reserve Bank of India sold US dollars across both onshore and offshore currency markets this month to prop up the rupee as it weakened toward a …

India’s RBI said to have sold at least US$5 billion to boost rupee

India’s central bank sold US dollars across both onshore and offshore currency markets this month to prop up the rupee as it weakened toward a record low, according to people familiar with the transactions.

RBI Said To Have Sold At Least $5 Billion To Boost Rupee

India’s central bank sold US dollars across both onshore and offshore currency markets this month to prop up the rupee as it weakened toward a record low, according to people familiar with the transactions.The Reserve Bank of India sold at least $5 billion worth of the US currency, one of the people said, asking not to be identified as the information is private. The RBI didn’t immediately respond to an email requesting comment on the matter. If…