• search
For Quick Alerts
For Daily Alerts
Oneindia App Download

RBI intervention sought to support declining rupee: Report

Google Oneindia News

New Delhi, Sep 11: The Centre has asked the Reserve Bank of India to intervene in a bid to support the decline rupee.

According to a report in Bloomberg, officials have asked the RBI to intervene more aggressively in the market to the support the rupee, which has witnessed its worst position against the dollar in history.

RBI intervention sought to support declining rupee: Report

The Centre was also looking at the NRI deposit scheme to encourage overseas Indians to invest in the country in a measure aimed to stabilise the falling rupee.

Also Read | RBI tweaks norms for exchanging mutilated currency: Here's what new rules say

The current account deficit (CAD) touched a five-year high of $15.8 billion during the first quarter, the Reserve Bank of India (RBI) reported on Friday.

The government is worried about the falling rupee and will announce specific measures to arrest the fall, a top government official had told reporters.

For Daily Alerts
Best Deals and Discounts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X