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RBI is showing up whenever rupee weakens in intervention shift
India's central bank is intensifying efforts to support the rupee. Foreign deposit inflows have bolstered the Reserve Bank of India's intervention capacity. The currency's near-term volatility has fallen close to a ten-month low. Higher crude prices and narrowing interest rate differentials add pressure. The RBI faces a delicate balance between growth and currency defense.
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timesofindia.indiatimes.com
RBI intervenes to support rupee as oil prices, dollar demand rise: Report
The Reserve Bank of India likely intervened in the foreign exchange market on Tuesday to protect the rupee from pressure caused by elevated oil prices and sustained corporate…
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thehindubusinessline.com
RBI ramps up rupee support as rise in forex reserves gives comfort
RBI increases support for the rupee amid rising forex reserves, aiming to stabilize currency volatility against higher oil prices.
