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India · Updated 7 Oct, 03:48 pm IST

RBI says it will ensure stability as rupee stays undervalued

Why it matters for readers: It matters because oil price shocks and central bank moves can change prices you pay for goods and travel.

  • The domestic currency has been under pressure for much of this year.1
  • The pressure intensified since the start of the West Asia conflict in late February.1
  • A spike in crude oil prices is a direct challenge for an oil-importing country like India.1
  • The RBI stated it will ensure stability in the INR and help it find its correct value.1
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