RBI Move Gives India Rupee Only Fleeting Relief
The rupee pared gains as oil importers rushed to buy dollars.
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Bhaskar Dutta, Bloomberg’s Asia and FX Rates Reporter in Mumbai, filling in for Menaka. If you didn’t receive this directly in your inbox, you can subscribe here, and share feedback with us here.
Today, I look at RBI’s efforts to shore up the sliding rupee, and my colleague Alisha Sachdev checks the mood in the automobile sector.