MUMBAI, May 21 (Reuters) – The Reserve Bank ​of India reverted to its familiar intervention strategy on Thursday, deploying heavy dollar sales ‌via state-run banks before market open to halt a persistent slide in the rupee after a string of all-time lows, three bankers said. The rupee surged on the interbank order matching system to near 96 against the U.S. dollar following heavy intervention, with the ​currency rallying by about 70 paise within minutes. It opened at 96.30 in the onshore ​spot market, up 0.5% on the day. The central bank’s pre-open intervention mirrored past episodes ⁠where it has acted

New Delhi [India], May 19 (ANI): Launching a blistering attack on Prime Minister Narendra Modi over the rising cost of fuel, Congress on Tuesday dubbed him the “Inflation Man” and asserted that the government is systematically burdening the common public once the elections concluded. The opposition party alleged that the central government has initiated a pattern of steep fuel price revisions to pass the economic burden onto regular citizens.”The ‘Inflation Man’ Modi’s whip has struck the public again. Petrol and diesel have been hiked by 90 paise. Modi has raised prices by 4 rupees in the last 4 days. With