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RBI likely intervened to shore up rupee, traders say
The Reserve Bank of India likely intervened in the foreign exchange market to shore up the rupee ahead of the local spot market open on Friday, five traders told Reuters.
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economictimes.indiatimes.com
Traders keep focus on oil prices, RBI moves as rupee treads water
The Indian rupee remained stable on Wednesday, supported by central bank intervention in spot and forward markets. Dollar sales from state-run banks prevented a significant fall,…
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thehindubusinessline.com
RBI likely intervened to shore up rupee, traders say
The Reserve Bank of India likely intervened in the foreign exchange market to shore up the rupee ahead of the local spot market open on Friday, five traders told Reuters.
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Rupee soars to best day in nearly two months, closes at 95 vs USD as RBI steps in, oil drops
The rupee saw a significant jump on Friday, its best single-day gain in two months. This surge was driven by likely intervention from the central bank and a drop in oil prices.…