RBI seeks to protect rupee as Middle East war ramps up pressure
As oil prices soar, one senior economist argues the currency is "adjusting to a new global equilibrium". Foreign investors pulled over $10bn from Indian shares in March and the RBI is introducing controls on banks' FX positions.
The Reserve Bank of India (RBI) has been intervening in the Indian currency markets to try and protect a continuing falling rupee. 2026 has started poorly for the currency after a difficult 2025 which was punctuated by US tariffs, as reported by CorporateTreasurer.
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