India Limits Dollar Demand to Defend the Rupee
India has introduced tough limits on dollar demand, aimed at protecting its currency. The move comes as the rupee has been under pressure near record lows.
প্রেক্ষাপট
Context: The rupee weakens when more rupees are needed to buy dollars, which makes imports such as oil more expensive. The Reserve Bank of India, the central bank, steps in to support it.
বার্নিং পটেটো স্কোর: 37%