The Reserve Bank of India (RBI) reportedly intervened in the foreign exchange market to curb the rupee's decline, which hit 96.48 per dollar, nearing its all-time low of 96.96. This intervention comes as rising global oil prices put significant pressure on the South Asian currency. Such currency pressures in a major regional economy due to commodity price hikes could signal broader inflationary trends, potentially influencing Pakistan's own currency stability and gold market dynamics.
بحوالہ / Source: www.brecorder.com