RBI likely to step up as rupee hits one month low past 96 - What's the apex bank planning
The Reserve Bank of India is likely to intervene to contain losses, as the rupee slumped to its weakest level in over a month on Tuesday, pressured by higher oil prices amid renewed hostilities in the ...
Source: RSS · July 29, 2026 at 6:54 AM · AI-assisted report
KUALA LUMPUR, 29 JULY 2026 —
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The Indian rupee slumped to its weakest level in over a month on Tuesday, pressured by higher oil prices amid renewed hostilities. The Reserve Bank of India (RBI) is likely to intervene to contain losses, as the rupee breached the 96 level. Details not yet available on the specific measures the RBI plans to take.
The weakening of the Indian rupee may have implications for Malaysia, particularly in terms of trade and investment between the two countries. As a major trading partner in the region, Malaysia may see fluctuations in the value of the rupee affecting the cost of imports and exports. The impact on Malaysian businesses with ties to India is being closely watched, although details on the potential effects are not yet available.
Related: Reserve Bank of India (RBI)
Malaysia Impact
The weakening of the Indian rupee may affect the cost of imports and exports for Malaysian businesses with ties to India. This could lead to fluctuations in the value of the ringgit (MYR).