Reserved Bank of India sells fewer dollar despite new rupee low
![](https://img.etimg.com/thumb/msid-94465252,width-1070,height-580,imgsize-20088,overlay-economictimes/photo.jpg)
As two-year US treasury yields climbed past 4.1% to trigger algorithmic trades that wiped out ₹11 lakh crore of investor wealth in two days, the Reserve Bank tapped multiple platforms - the spot, futures and overseas derivative markets - to minimise the pace of depreciation in the local unit, dealers said.
via Economictimes
Post a Comment