Indian Rupee Shows Resilience Amid 20% Oil Price Surge, RBI Measures Limit Decline
The Indian rupee has shown resilience in the face of a 20% surge in global crude oil prices in July, thanks to capital inflows and proactive measures by the Reserve Bank of India. RBI’s special measures attracted $40.8 billion in inflows, while foreign portfolio investment (FPI) inflows rose to a 22-month high.
