To stabilize the falling value of the Indian Rupee against the US Dollar, the Reserve Bank of India (RBI) sold approximately $3 billion in the market. This intervention led to a recovery of 64 paise in the Rupee's value after a nine-day decline. High crude oil prices due to global conflicts have been putting pressure on the Indian currency. The government and RBI are also considering further measures, including potential interest rate hikes, to strengthen the Rupee, which could make borrowing more expensive in India. https://sambad.in/india-and-beyond/rbi-steps-in-with-heavy-dollar-sales-to-defend-rupee-as-currency-rebounds-from-record-lows-report-11862959 #creator program