Rupee at 80.99: Marks worst week in 1.5 years, traders point to RBI intervention
Updated: 23 Sep 2022, 05:15 PM IST
TL;DR.The partially convertible rupee closed at 80.99 per dollar, against a previous close of 80.86. It fell to a low of 81.2250 during the session before the Reserve Bank of India likely intervened, traders at state-run banks told Reuters.
According to the RBI’s Financial Stability Report of December 2021, lending through P2P platforms made up for a small portion of overall NBFC lending at ₹2,093 crore