#currency-intervention
RBI likely intervenes to shield rupee from oil jump, traders say
The rupee appeared on track to open weaker around 95.35-95.40 per dollar, but central bank intervention right around the time the local spot market opened at 9:00 am IST helped shore up the currency
RBI should dial back rupee intervention: Former Governor Subbarao
The Reserve Bank of India should temper its currency intervention efforts, and continue with measures to open up the nation’s markets, a former governor said, about a month after the monetary authority imposed sweeping curbs to support a struggling rupee.
RBI Should Dial Back Rupee Intervention, Former Governor Says
The Reserve Bank of India should temper its currency intervention efforts, and continue with measures to open up the nation’s markets, a former governor said, about a month after the monetary authority imposed sweeping curbs to support a struggling rupee.