RBI Built a Rupee Buffer — $110 Oil Is Eating Through It in Days
The rupee lost roughly 1% in three sessions after reaching a two-month high, as India’s import bill and near-5% US yields overwhelmed recent intervention support.
What changed, why it matters, and what most people may be overlooking.
The rupee lost roughly 1% in three sessions after reaching a two-month high, as India’s import bill and near-5% US yields overwhelmed recent intervention support.