RBI not inclined to use rate hikes to ​defend rupee: Report

RBI does not see interest rate hikes as the best way to ​defend the falling value of rupee against dollar, Reuters reported. An earlier Bloomberg ​report claimed that RBI is considering ‌all its available options to stabilise ​the rupee, ​including rate ⁠hike. Officials continue to ‌weigh measures ⁠to steady the currency, though not all options may be used, report said.