NewzThe Reserve Bank of India (RBI) has intervened in the foreign exchange market to support the weakening rupee. This monetary defense comes as the country's foreign exchange reserves experienced a significant decline, dropping by $52 billion over the course of a single month.
The rapid depletion of reserves highlights the mounting pressures on India's currency amid broader global economic headwinds and capital outflows. By stepping in, the central bank aims to curb excessive volatility and stabilize the exchange rate against depreciation forces.
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