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RBI INTERVENTION SAVES RUPEE

Published On 14 Mar 2020 12:01 PM


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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....


Tags : rupee, RBI, Indian equity market, currency, intervention,
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