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RBI moves as rupee hits record low

Original: પૈસા

The rupee has fallen to a record low against the dollar, prompting the Reserve Bank of India to step in with new measures. The central bank has introduced four new rules covering cash reserve requirements and hedging, in a bid to steady the currency and curb volatility. Gujarati-language media, including Gujarat Samachar, are highlighting the intervention as a significant response to the currency slide.

Why now: The rupee's record fall and the RBI's immediate regulatory response are raising concerns about the economy and the value of people's money.

Reserve Bank of IndiaIndian rupee

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