All in a day: Rupee nears 92/$, RBI eases liquidity, forex kitty swells

The rupee hit a new low against the dollar, prompting the RBI to intervene by selling dollars. Simultaneously, the central bank injected liquidity into the banking system and conducted a dollar-rupee swap, which boosted forex reserves to over $700 billion. These actions demonstrate a delicate balancing act by policymakers.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/EQolL2x