Rupee posts another record low, but fares better than peers
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The Reserve Bank of India has been selling dollars as it seeks to looks to manage the volatility and the pace of the rupee's fall, traders have said. Estimates of how much the RBI has sold recently range from $1.0-$1.8 billion per day.
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The gains in Indian equities defied the weakness in other Asian markets, which fell as rare protests in major Chinese cities against strict zero-Covid curbs raised concerns about the growth implications for the world's second-largest economy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9YsL6IJ via IFTTT
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