Rupee hits 2-month low; RBI intervenes with dollar sales
The Indian rupee has fallen to a two-month low, prompting the Reserve Bank of India to intervene by selling dollars in the market to arrest the currency's decline.
Kunal Sodhani, head of treasury at Shinhan Bank, noted that the RBI is widely expected to raise the repo rate by 25 basis points in its forthcoming monetary policy decision.
