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By Nimesh Vora MUMBAI, Oct 14 (Reuters) - Indian importers continue to lock in future dollar purchase rates to protect against the rupee weakening, despite the banks charging more per month for such
Reserves have declined $59.68 billion from their September 4 peak, with a $21.53 billion fall in the first two October reporting weeks; RBI measures have helped the rupee recover from record lows
A 1 am RBI announcement. A sharp rupee rebound. And a flurry of measures to defend the currency. But who pays for the rescue?On The Morning Brief Decode, Anirban Chowdhury speaks to The Economic Times’ Sugata Ghosh about what the RBI’s unusual urgency reveals, how its interventions work and who could bear the costs.In…