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الاقتصادية
India Takes Steps to Stabilize Rupee
India is struggling to maintain the value of the rupee, which has approached its lowest-ever level against the US dollar, as the Reserve Bank of India implements additional measures to support the currency. These steps include opening a dedicated window to meet the dollar needs of three state-controlled oil companies, restricting trading in derivatives linked to the rupee—including banning contract rehypothecation and reducing the limit on open positions to five million dollars. Despite these measures and an interest rate hike, the rupee remains close to its May lows, with continued pressure on the currency due to weak foreign exchange reserves and declining demand for the dollar in the market. The central bank aims to ease market volatility by meeting the oil companies' needs, but these actions may lead to a reduction in foreign exchange reserves.
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