scorecardresearchRBI’s Defense of Rupee Is Sending Bill Rates to Three-Year High

RBI’s Defense of Rupee Is Sending Bill Rates to Three-Year High

Updated: 28 Jul 2022, 10:47 AM IST
TL;DR.
The Reserve Bank of India’s intervention in the foreign-exchange market to protect the rupee that tested a series of record lows in recent months is pushing shorter rates to multi-year highs.
Mumbai, July 22 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das being offered a beverage at the Bank of Baroda's Annual Banking Conference 2022, in Mumbai on Friday. (ANI Photo)

Mumbai, July 22 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das being offered a beverage at the Bank of Baroda's Annual Banking Conference 2022, in Mumbai on Friday. (ANI Photo)