Reserve Bank of India announces measures to bolster weakening rupee

india-rupee

The Reserve Bank of India (RBI) on Monday announced measures to quell capital outflows triggered by an increasingly bearish view of emerging markets among investors and hints last month that the US Federal Reserve will start to wind down its asset purchase programme over the coming year.

India is the latest in a string of emerging market (EM) countries – including Turkey, Brazil and Indonesia – trying to stem exchange rate volatility through intervention in the foreign exchange markets after EM

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