Rupee vs Dollar: Indian currency cracks further, at new record low of 81.52
The RBI has been deploying the dollar reserves to defend the currency and has exhausted billions of dollars of currency assets in the fight. There have also been policy moves to attract more deposits from the diaspora through further incentives and other such attempts to stem the fall.
India's forex reserves declined USD 5.219 billion to USD 545.652 billion for the week ended September 16. Pic: Pixabay