Indian rupee closes at record low 94.83 per US dollar
NewsBytes | March 31, 2026 1:39 AM CST
Reserve Bank of India intervention insufficient
The Reserve Bank of India tried to steady things by managing banks' dollar positions, which helped for a bit.
But as importers rushed to cover their needs and global uncertainty grew, those efforts weren't enough.
Add in foreign investors pulling money out due to geopolitical worries, and the rupee just couldn't hold its ground this week.
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