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GBP/INR Exchange Rate Steady at 128.24 Amid RBI Intervention and Oil Price Retreat

Guavy AI Editorial Team
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GBP
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The Pound to Rupee exchange rate (GBP/INR) remained steady at around 128.24 on Thursday evening, despite some fluctuations throughout the day.

This stability comes after a period of intervention from the Reserve Bank of India (RBI), which has helped to curb excessive volatility in the Indian currency.

According to MUFG, the RBI's measures have generated over $41 billion in inflows, limiting further disorderly Rupee losses.

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