India’s central bank has announced new measures to reduce volatility in currency markets and support the weakened rupee.
The Reserve Bank of India (RBI) said it will auction 220bn rupees ($3.6bn; £2.3bn) of government cash management bills every Monday. It did not say how many weeks the sale would go on.
The rupee hit a record low of 61.80 against the US dollar on Tuesday.
Other measures have so-far failed to shore up the currency.
The rupee has lost more than 12% of its value since the start of the year, because of investors taking money out of the country, among other reasons.
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