RBI can sell another $25 billion to defend rupee: SBI
The RBI can sell at least an additional $25 billion to support the rupee, the SBI has estimated based on intervention patterns since the 1990s. India's forex reserves have fallen from a peak of $426 billion in April to $399.3 billion as on September 7. Notably, the rupee closed at a fresh low of 72.97 a dollar on Tuesday.