Indian govt not averse to weaker rupee vs dollar - source | Economic Times

Indian govt not averse to weaker rupee vs dollar - source https://ift.tt/u4YdS6J Reserve Bank of India has been selling dollars to alleviate the depreciation pressure on the rupee due to the surging dollar and foreign portfolio outflows. e central bank sold a net of $19 billion from its reserves in July alone to prevent the rupee from falling much below 80.