RBI sells $3.6 billion in April to stabilize rupee amid global trade tensions

In April, the Reserve Bank of India net sold $3.6 billion amidst equity market volatility triggered by Donald Trump’s tariff deadlines. This intervention aimed to stabilize the rupee, which appreciated 1.2% to close at 84.49 per dollar, despite trade and geopolitical tensions. The RBI had also purchased $14.

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