scorecardresearchRBI intervenes to defend Rupee, ready to do more: Report

RBI intervenes to defend Rupee, ready to do more: Report

Updated: 10 May 2022, 11:40 AM IST
TL;DR.
USDINR hit an all-time low of 77.53, on Monday amid persistent foreign fund outflows, surging crude oil prices, and general dollar strength.
Indian India's foreign exchange (FX) reserves fell below $600 billion for the first time in a year.

Indian India's foreign exchange (FX) reserves fell below $600 billion for the first time in a year.