The report says that the Reserve Bank of India (RBI) is actively working on curtailing currency volatility as persistent dollar outflows have put pressure on the Indian Rupee.
It noted that persistent foreign portfolio investor (FPI) outflows from the equity market have pushed the rupee to record lows. To manage the situation, the RBI has been utilizing its forex reserves, which dropped to USD 656.58 billion as of the week ended November 22, 2024.
Diese Geschichte stammt aus der December 06, 2024-Ausgabe von The Business Guardian.
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