18-August-2026
Economy News
 
Rupee tumbles as RBI shuts FCNR(B) window early
18-Aug-2026

The Reserve Bank of India’s (RBI’s) decision to prematurely close its concessional swap facility for FCNR(B) deposits, coupled with a rise in crude oil prices to nearly $90 a barrel, sent the rupee lower on Monday, though intervention by the central bank prevented a sharper slide.

News Source:- https://www.financialexpress.com/policy/economy/rupee-tumbles-as-rbi-shuts-fcnrb-window-early/4319749/?ref=economy_hp
 
 
 

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