Economy · Press ✓ 2 outlets
RBI swaps slow the rupee's fall, but premiums rise
The Economic Times says RBI swaps slowed the rupee's decline and pushed premiums higher. The rupee is near its record low of 96.97 per dollar; the last quote we hold is 96.78.
Swaps defend the currency without spending reserves today but lend a bill for later.
Overseas fees and travel cost more.
Watch the forward premium.
DailyDrop India edition No. 5 · Morning · FRI., OCT. 9, 2026