Rupee nears record low as RBI intervenes but oil, risk aversion weigh - TradingView
Rupee nears record low as RBI intervenes but oil, risk aversion weigh - TradingView
Source: TradingView
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DW NOTE
The RBI is burning reserves to defend a peg no one believes in while oil runs at Iran-blockade premiums and the ceasefire collapses. India imports 85% of its oil — every dollar the rupee falls makes that bill steeper, which forces more intervention, which depletes reserves faster.