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Rupee has more to adjust, RBI cannot be saviour: CLSA

As the anemic rupee is gaining some strength, experts say that RBI‘s intervention is likely to be very limited. The currency has shown a strong percentage gain in six weeks riding on India‘s decision to defer General Anti-Avoidance Rule (GAAR) by a year. There is also a possibility that the Reserve Bank of India had sold dollars yesterday.

first published: May 8, 2012 11:37 am

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