Rupee Under Stress Despite Recovery in Stocks | RBI Moves to Calm Currency Slide
The Indian rupee remains under pressure despite a recovery in domestic equity markets, highlighting persistent currency volatility amid global uncertainty. The Reserve Bank of India has stepped in with measures aimed at stabilising the currency, including liquidity management and possible intervention in the forex market. Analysts point to rising oil prices, strong dollar demand, and foreign fund outflows as key factors weighing on the rupee.
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