India ramps up support for faltering rupee after keeping policy rates unchanged
The Reserve Bank of India (RBI) has discreetly ramped up its support for the struggling Rupee (INR) through significant dollar sales, even as its Monetary Policy Committee (MPC) held the benchmark Policy rates (Repo rate) steady at 6.5% this week. This two-pronged approach signals the central bank's tightrope walk between curbing persistent domestic Inflation pressures and shielding the currency from further depreciation amid mounting external headwinds.
















