RBI helps Indian rupee steady after striking record low seven sessions in a row
Updated: 19 Jul 2022, 01:46 PM IST
TL;DR.Like most Asian currencies, the rupee has been falling in recent months as risk aversion has risen on expectations of the U.S. Federal Reserve raising rates aggressively to curb high inflation and prompting investors to flee riskier assets.
FILE PHOTO: A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/