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22.11.25 - 01:00
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Rupee breaches 89/$ mark, worst 1-day drop since May (Times of India)
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The Indian rupee plummeted to a record low of 89.49 against the dollar on Friday, experiencing its sharpest fall since May. This decline was driven by strong dollar demand, portfolio outflows, and concerns over US sanctions on entities facilitating Iranian oil sales. Despite the RBI's stance on not targeting specific levels, intervention occurred after the 89 mark was breached....
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21.11.25 - 13:30
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Forex watch: India′s reserves jump $5.54 bn; gold vaults total kitty to $692.57 bn (Times of India)
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India's foreign exchange reserves saw a significant jump of over five billion dollars. This surge, ending November 14, pushed total reserves to nearly 700 billion dollars. The Reserve Bank of India reported that increased gold valuations were the primary driver. Foreign currency assets also saw a modest rise. This marks a strong recovery after a decline in the previous week....
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20.11.25 - 21:30
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RBI does not target any level for rupee, says governor (Times of India)
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RBI Governor Sanjay Malhotra clarified the central bank does not aim for a specific rupee level. He noted recent depreciation is driven by market demand and trade expectations. Malhotra expressed confidence in a good trade deal and highlighted India's strong foreign exchange reserves. The RBI remains cautious on cryptocurrencies, focusing on its own digital rupee for payments....
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