Indian Central Bank Likely to Sell USD to Prevent Rupee Depreciation

Traders indicate that the Reserve Bank of India (RBI) is expected to sell U. S. dollars to prevent a significant depreciation of the Indian rupee. According to Jin10, this move comes as the rupee faces downward pressure in the foreign exchange market source: https://www.binance.com/en/square/post/297805956403441?utm_source=BinanceNewsRSS