Why Would The RBI Buy Dollars When The Rupee Is Strong?

Dealer estimates have fuelled speculation about possible RBI activity in the currency market. But beyond the market chatter lies a bigger story. It is an interest play how the Israel-Iran conflict, crude oil prices, foreign investor flows, and India's $680+ billion forex reserve position influence central bank decisions and currency management. Watch this BT Explainer to decode the RBI-dollar puzzle!