scorecardresearchRBI spent $41 billion over 5 months in defending rupee, says report

RBI spent $41 billion over 5 months in defending rupee, says report

Updated: 04 Jul 2022, 10:22 AM IST
TL;DR.
High oil prices and continued FPI outflows are two of the major reasons that are impacting the domestic currency.
The domestic unit has lost 1.97 per cent so far this month and has eroded a staggering 6.39 per cent since the start of this year.

The domestic unit has lost 1.97 per cent so far this month and has eroded a staggering 6.39 per cent since the start of this year.