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You are Here : RBI opens new attack to clamp rupee free fall

Monday, 11:52

In a major attack to clamp the further decline in the Indian rupee against the US dollar, the Reserve Bank of India (RBI) on Monday late evening issued a series of liquidity measures. Bonds yields are now expected to go up while a dearer rupee is likely to create a squeeze in funds availability. Consequently, the demand for rupee will rise.
DEC 03, 2016
10:23 AM

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