GeneralBearishCrypto Briefing · Jun 97/10
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Reserve Bank of India’s forex defense tool surpasses $110 billion as rupee slides
India's Reserve Bank has accumulated over $110 billion in a forex defense mechanism as the rupee weakens against the dollar. The RBI's aggressive intervention strategy to support the currency may deplete reserves over time, potentially undermining investor confidence and creating conditions that could drive interest toward alternative assets like cryptocurrency.
