Rupee Slips Past ₹91/$, RBI's Forex Reserves in Focus
Rupee Under Pressure
The rupee breached the ₹91 per dollar mark, hitting a record low, weighed by a strong dollar and rising crude oil prices
RBI Steps
In The RBI actively sold dollars to defend the ₹91/$ level, preventing a sharper decline in the currency
Forex Reserves Dip
India's forex reserves declined after hitting a record high, as RBI intervened to stabilise the rupee
What's Driving the Fall?
FPI outflows, rising crude oil prices, a firm US dollar, and global uncertainty are the key pressures on the rupee
RBI's Balancing Act
RBI aims to curb sharp volatility, not stop depreciation entirely — forex reserves remain a key buffer for India
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