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RBI Announces Measures to Defend the Rupee

Original: Breaking News ! RBI comes in big with measures to defend the Rupee ! PS: I have been saying every day since the RBI poli

The Reserve Bank of India has announced fresh measures to support the falling rupee, including taking on the dollar demand of state-run oil companies to ease pressure on the currency. Commentators say the move addresses a problem flagged repeatedly since last week's RBI policy meeting, and attention is now on whether these steps can stabilise the rupee in the coming days.

Why now: The RBI's sudden intervention to defend the rupee is major financial news affecting markets and everyday prices in India.

Reserve Bank of IndiaIndian rupeePSU oil companies

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• Breaking News ! RBI comes in big with measures to defend the Rupee ! PS: I have been saying every day since the RBI policy last week, that the Rupee problem needs to be addressed. Here is what RBI has announced, 1. The RBI is taking the PSU oil companies’ dollar demand · _prashantnair · 1.3K

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