Indian Rupee remains stable amid global volatility due to RBI's dollar sales and indirect intervention.
The Indian Rupee remains stable amidst global market volatility, focusing on upcoming US inflation data that may influence Fed rate cuts. The currency's stability is attributed to the Reserve Bank of India's dollar sales and indirect intervention. Despite the six-week losing streak, analysts dismiss concerns over the rupee's recent underperformance, asserting it's not a cause for concern.
August 12, 2024
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