RBI sells $7 billion to stabilize rupee
RBI sells $7 billion to stabilize rupee. The central bank intervened heavily on Friday to prevent sharp depreciation, indicating strong defense of currency stability. Such large-scale action signals concern over volatility amid global headwinds. This move may impact forex reserves and liquidity conditions.
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This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.