Indian central bank likely intervenes to shield rupee as oil prices climb, traders say
MUMBAI: The Reserve Bank of India (RBI) likely intervened in the foreign exchange market on Tuesday, four traders told Reuters, as rising oil prices and growing wagers on a rate hike in the US this week pressured the South Asian unit.
We haven't written up this one. New Straits Times has the full story — the link below goes straight to it.