00:00The Reserve Bank of India sold approximately $7 billion to $9 billion in late July 2026
00:07across onshore and offshore markets.
00:10The heavy dollar selling helped lift the Indian rupee past the 96-per-dollar threshold
00:16after it neared record lows.
00:19India's strong foreign exchange reserves, standing above $676 billion,
00:24provide the central bank with sufficient capacity for these defensive market operations, according to reports.
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