Reserved Bank of India sells fewer dollar despite new rupee low

As two-year US treasury yields climbed past 4.1% to trigger algorithmic trades that wiped out ₹11 lakh crore of investor wealth in two days, the Reserve Bank tapped multiple platforms - the spot, futures and overseas derivative markets - to minimise the pace of depreciation in the local unit, dealers said.

from Economy-News-Economic Times https://ift.tt/QM0NpVP
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