How much has the RBI spent to stop the rupee fall?
During the seven-month period starting June 2024, the RBI’s gross dollar sales amounted to over $53 billion, while gross purchases stood at over $16.5 billion. However, despite the intervention, the rupee continued to weaken.
During the seven-month period starting June 2024, the RBI’s gross dollar sales amounted to over $53 billion, while gross purchases stood at over $16.5 billion. However, despite the intervention, the rupee continued to weaken.
