India’s $476bn firepower may arrest rupee’s drop

Authorities may deploy some of the stockpile to steady the rupee, which has tumbled more than 2% over the past week as more locals are diagnosed with the coronavirus. The currency is the worst performer in Asia this month after having escaped relatively unscathed in February when most regional peers were hit by the contagion.

from Times of India https://ift.tt/2wxzacm