Rupee Slide Tests RBI’s Multiple Defenses as Record Low Nears
The rupee is on the brink of a record low despite the central bank throwing almost everything at its defense — higher interest rates, a push to lure overseas deposits and billions of dollars in intervention.
<p>The rupee is on the brink of a record low despite the central bank throwing almost everything at its defense — higher interest rates, a push to lure overseas deposits and billions of dollars in intervention.</p>