India central bank prepared to spend $100bn more defending rupee: source - DAWN.com

The Indian rupee has lost over 7pc of its value in 2022 and weakened past the psychological level of 80 per US dollar.

Indias central bank is prepared to sell a sixth of its foreign exchange reserves to defend the rupee against a rapid depreciation after it plumbed record lows in recent weeks, a senior source aware o… [+3210 chars]

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