India’s currency market has been under intense pressure as rising oil prices, nervous capital flows, and persistent geopolitical risk push import costs higher and keep the rupee on the defensive. In recent weeks, the Reserve Bank of India stepped in with regulatory tightening and likely dollar selling to slow the rupee’s slide after it fell …The post Crude Oil Chaos Forces RBI Into Heavy Dollar Sales – Indian Importers Are Scrambling to Rehedge appeared first on Chandigarh Metro.