India’s Rupee Rebounds From Record Low as RBI Defends Currency

India’s rupee advanced the most in Asia on Thursday as the central bank stepped in to defend the currency, which fell to a record low the day before.

The currency gained as much as 0.7% to 91.5112 per dollar after the Reserve Bank of India sold the greenback in both offshore and onshore markets, according to people familiar with the developments.

Read: