EconomyIndian central bank likely intervenes to shield rupee from oil strain, traders say
The Reserve Bank of India likely entered the foreign exchange market on Wednesday to support the rupee as persistently high oil prices put pressure on the currency amid uncertainty over the U.S.-Iran war, traders said.
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Reuters★★★☆☆2026-08-19 04:10Original
Indian central bank likely intervenes to shield rupee from oil strain, traders say
Economy