Rupee Remains Near Historic Low Despite RBI Intervention

• The Indian rupee fell to 10-month lows against the dollar due to strong US yields.
• The RBI has intervened to limit rupee's depreciation, but it's expected to stay weak in the coming months.
• Asian currencies have declined due to rising US yields and dollar strength.
• RBI likely sold dollars around 83.20 level to prevent further fall in rupee.
• RBI may be intervening in futures market to curb volatility and prevent record lows.

12 Articles

Reuters Reuters Reuters Reuters Reuters Reuters Reuters Reuters Reuters Reuters Reuters Reuters