INR/USD: India Draws Line in Sand for Rupee at 97 as RBI Steps Up Defense

India's central bank has stepped up defense to keep the Indian Rupee from weakening further.

The Reserve Bank of India (RBI) has reinforced 97 as the limit for the Rupee's exchange rate against the U.S. Dollar.

This move signals India's commitment to maintaining currency stability amidst global economic uncertainties.