Economy · Press ✓ 3 outlets
Rupee near its record low: why the RBI's defences are losing force
Bloomberg and BusinessToday say the rupee is close to its record low of 96.97 and that the RBI's mix of dollar sales, spot intervention and rates is losing effectiveness. ET BFSI said the rate hike will not stem outflows.
Each defence uses reserves, which are falling.
Overseas fees and travel cost more.
Watch reserves.
DailyDrop India edition No. 4 · Morning · THU., OCT. 8, 2026