Macro Finance
INR/USD: India Draws Line in Sand for Rupee at 97 as RBI Steps Up Defense
Bloomberg Markets·October 12, 2026·1 min read
India's central bank has mounted its strongest currency defense in over a decade, reinforcing 97 as the rupee's limit against the dollar. The move signals a clear line in the sand for rupee weakness, with authorities stepping up intervention to prevent further depreciation beyond this key level.
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