RBI INTERVENTION SAVES RUPEE

Highlights:

• The Reserve Bank of India saved the Indian currency after it stepped in to help lift the currency from record lows. 
• The central bank has sold around $1.5 billion.
• The rupee hit the lowest on Friday of 74.50 against the US dollar.

On Friday, the Indian equity market slumped to a record low. To save the economy, the central bank- Reserve Bank of India in....