Rupee climbs on latest Reserve Bank of India measures | GulfNews.com:
"India’s rupee was among the biggest movers on Friday, climbing against the dollar as authorities stepped up efforts to curb the currency’s losses.
The Reserve Bank of India said it planned to sell, on behalf of the finance ministry, Rs220 billion (Dh13 billion, $3.6 billion) in cash management bills every Monday, to try to limit supply of the currency.
This is in addition to the measures already announced last month, including weekly bond sales, restricting banks’ access to cash and curbs on currency derivatives trading."
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