#India's Central Bank Intervenes To Protect Weak Rupee; Trade Deficit And ...

India's Central Bank Intervenes To Protect Weak Rupee; Trade Deficit And ...

International Business Times  -  7:22 AM

By Sreeja VN: Subscribe to Sreeja's RSS feed The sharp decline in the Indian rupee coupled with strong demand for the dollar forced the Reserve Bank of India (RBI) to intervene and announce measures to ease the pressure on of the rupee. The RBI Friday raised the cap on interest rates for foreign ...

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6:53 AM  -  Public

Reserve Bank of India takes measures to arrest rupee slidehttp://timesofindia.indiatimes.com/business/india-business/Reserve-Bank-of-India-takes-measures-to-arrest-rupee-slide/articleshow/13004135.cms

Reserve Bank of India takes measures to arrest rupee slide - The Times of India »

The Reserve Bank of India (RBI) has risen to defend the rupee through market intervention and measures to attract dollars after the domestic unit fell by as much as 47 paise against the greenback in i...