India’s central bank tries to shore up rupee as it nears record lows

🇮🇳 Financial Times (IN) —

AI Summary

India’s central bank is intervening to support the rupee as the currency approaches record lows. Rising energy costs linked to the US-Israel war on Iran have added downward pressure on the rupee.

Rise in energy costs due to US-Israel war on Iran has put downward pressure on the currency of the world’s fastest-growing major economy

Conflict Markets Energy India rupee Reserve Bank of India currency intervention energy costs Iran war foreign exchange

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