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RBI ramps up rupee support across markets as currency faces pressure, traders say
RBI intervenes in markets to support the rupee as it faces pressure from rising oil prices, traders report.
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thehindubusinessline.com
Rupee gains as oil comes off; inflows, RBI intervention in focus
Rupee strengthens against the dollar as oil prices drop and RBI inflows boost market confidence amidst geopolitical tensions.
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economictimes.indiatimes.com
RBI sold $6 billion in May to defend oil-hit Indian rupee, data shows
The Reserve Bank of India sold $6.1 billion in foreign exchange during May. This intervention occurred as oil prices surged, pushing the rupee to a record low. The central bank…
