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22.05.26 - 10:36
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RBI steps in with heavy dollar sales to defend rupee: Report (Times of India)
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The Reserve Bank of India aggressively intervened, selling billions to defend the rupee against sustained pressure. This significant dollar selling, even before markets opened, helped the currency strengthen. Elevated oil prices remain a key concern, with policymakers considering further measures, including a potential interest rate hike, to stabilize the rupee....
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21.05.26 - 07:01
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Rupee rebounds 61 paise from record low, rises to 96.25 against US dollar (Times of India)
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The Indian Rupee saw a welcome rebound, gaining 61 paise to trade at 96.25 against the US dollar, driven by easing oil prices. Despite this recovery, the currency remains under pressure, marking a nine-session losing streak. The Reserve Bank of India announced a $5 billion dollar-rupee swap auction to bolster banking system liquidity amidst global uncertainties and foreign investor outflows....
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