RBI prepared to spend $100 billion more defending rupee
Updated: 20 Jul 2022, 12:11 PM IST
TL;DR.The rupee has lost over 7% of its value in 2022 and weakened past the psychological level of 80 per U.S. dollar on Tuesday, but the source said the fall would have been far bigger if the Reserve Bank of India (RBI) had not stepped in to stem the decline.
The Reserve Bank of India. (AFP File Photo)