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RBI likely selling dollars, conducting FX swaps via state banks, traders say
India's central bank likely sold dollars and ran buy-sell swaps on Wednesday, three traders said, aiding the rupee's recovery from the session's lows.
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timesofindia.indiatimes.com
RBI sold nearly $9 billion in forex spot market in April amid rupee pressure
The Reserve Bank of India (RBI) was a net seller of $8.944 billion in the spot foreign exchange market in April, marking the second consecutive month of intervention to support…
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economictimes.indiatimes.com
RBI sold net $8.9 billion in April, gold holdings unchanged
The Reserve Bank of India engaged vigorously in the forex market in April, offloading a net amount of $8.94 billion to protect the rupee from plunging to record lows caused by the…
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RBI likely selling dollars, conducting FX swaps via state banks, traders say
India's central bank likely sold dollars and ran buy-sell swaps on Wednesday, three traders said, aiding the rupee's recovery from the session's lows.
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RBI intervention steadies rupee, governor's rate comment pulls down hedging costs
The Indian rupee showed resilience on Wednesday, recovering from earlier dips, a relief attributed to possible central bank measures. Concurrently, the Reserve Bank of India…