Why is the Indian rupee a grinch in a Christmassy market?

Aparna Iyer • December 06, 2023 / 07:37 IST

The RBI has been a player on both sides of the market and intervening as a seller and buyer depending on the situation. That said, the bias has been to soak up inflows into domestic markets, preventing an appreciation of the rupee.

Indian rupee isn't excited about inflows

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