boost their currencies

A monetary policy action taken by central banks, such as raising interest rates, to increase the value of their national currency relative to others.

Why it’s in the news: It is in the news as the Reserve Bank of India (RBI) has recently adopted this strategy, joining a global trend of central banks taking such measures.

Latest on boost their currencies

• In doing so, the RBI has shifted gears to join several central banks around the world who have raised rates to curb price rises or boost their currencies.
• Indian central bank hikes rates for first time since 2023

Connections

2 entities linked to boost their currencies across the news graph.