RBI Steps In to Purchase Dollars Through State-Owned Banks as Rupee Reaches Six-Month High

Unknown Apr 02, 2026 900 Views

The Reserve Bank of India (RBI) is said to have stepped into currency markets on Friday, instructing state-owned banks to buy US dollars as the rupee climbed to its highest point in close to six months. State-owned banks were bidding for dollars aggressively but did not aim at any particular pric...

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