Finance
EnglishRBI Joins Currency Sale Party, Sells $8.944 Billion in April
In April, the Reserve Bank of India decided to join the currency sale party, net selling $8.944 billion to help the struggling rupee. After a tough month, the rupee bounced back in June, closing at 94.63 against the dollar. Who knew currency could be so dramatic?
few hours ago | Press Trust of India
Quick rundown
1.RBI net sold $8.944 billion in April.
2.Indian rupee under pressure due to geopolitical tensions.
3.INR appreciated by 0.2% by June 2026.
4.Rupee closed at 94.63 against the US dollar.
5.RBI's actions influenced by foreign portfolio outflows.
