India's Central Bank May Boost Forex Reserves with Dollar Purchases

India's central bank is expected to begin purchasing U. S. dollars to enhance its foreign-exchange reserves when the rupee appreciates to approximately 88-89 per dollar. Bloomberg posted on X, citing Citi's local markets head, who indicated this potential move source: https://www.binance.com/en/square/post/294936870356850?utm_source=BinanceNewsRSS