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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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thehindubusinessline.com
RBI sells $8.94 billion in forex market to defend rupee in April
RBI sold $8.94 billion in April to defend rupee amid global pressures. Currency hit record low while forex reserves fell to a one-year low.
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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…
