The Indian Rupee fell for the fourth consecutive day on Thursday. This decline followed the Reserve Bank of India’s decision to remove restrictions on foreign exchange trading. Higher crude oil prices also contributed to the Rupee’s weakening. The currency closed at 94.11 against the US Dollar. Brent crude futures surpassed the $100 per barrel mark.
‘RBI in wait-and-watch mode on inflation risks,’ says deputy governor Poonam Gupta
The Reserve Bank of India is navigating global economic hurdles and geopolitical conflicts. Deputy Governor Poonam Gupta explains the central bank’s approach to managing growth