RBI weighing rate hike to stabilise falling rupee: Report
RBI is considering all its available options to stabilise the rupee, including an interest rate hike, Bloomberg News reported. Governor Sanjay Malhotra and other top officials have held a series of internal meetings to discuss the course of action after the plunge in rupee. Earlier, RBI announced a $5-billion USD-INR buy-sell swap auction for a three-year tenor on May 26.