The intervention by India's central bank has lifted the value of the rupee, marking its strongest gain in over a month. According to traders familiar with the transactions, the RBI sold dollars in the market, which helped to stabilize the currency.
Wikipedia / Reserve Bank of India RBI Intervention Boosts Indian Rupee to Strongest Gain in Over a Month
India's central bank intervened in the currency market to sell dollars, resulting in the rupee posting its best gain in over a month, with traders noting the impact of the RBI's actions.
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