INR/USD: India Draws Line in Sand for Rupee at 97 as RBI Steps Up Defense

INR/USD: India Draws Line in Sand for Rupee at 97 as RBI Steps Up Defense

India’s most forceful currency defense in more than a decade is cementing expectations among traders and analysts that the central bank will do everything it can to prevent the rupee from weakening below 97 per dollar.

India’s most forceful currency defense in more than a decade is cementing expectations among traders and analysts that the central bank will do everything it can to prevent the rupee from weakening below 97 per dollar.
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Bloomberg — Markets (EN)




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