RBI Has Used Half Its $140 Billion Rupee Defence Fund
Bankers estimate the Reserve Bank of India has spent about half of a $140 billion foreign-exchange capital haul while defending the rupee. The figure comes from bankers' estimates rather than an official count.
Context
Context: The RBI holds India's foreign-exchange reserves and uses dollars to steady the rupee when it falls sharply. The rupee's value against the dollar affects the cost of imports like oil and electronics.
Burning Potato score: 37%