India unveils tough curbs on dollar demand to defend rupee
India has introduced new financial regulations to stabilize the rupee as it nears record lows against the dollar. The measures include restricting oil companies from purchasing dollars on the spot market and tightening hedging rules.
Why it matters
These interventions highlight the economic pressure on emerging markets to manage currency volatility and protect foreign exchange reserves.
MUMBAI, Oct 10 (Reuters) - India on Saturday unveiled fresh measures to shore up the rupee, redirecting oil companies' dollar purchases away…
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