RBI likely intervenes to anchor rupee
The Indian central bank reportedly intervened in the foreign exchange market to protect the rupee against global pressures. State-run banks offered dollars on behalf of the Reserve Bank of India, keeping the currency steady.
The central bank of India likely intervened in the foreign exchange market on Monday morning to defend the rupee against global market pressures. State-run lenders were spotted offering dollars on behalf of the monetary authority during early trading.
