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Tightening Measures

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But for RBI move, rupee may have fallen to 63: BoA

With the tightening measures, RBI signalled that they are serious about doing something quickly. Otherwise, had nothing been done, the rupee would have gone down to 62-62.5 or maybe 63.
Rupee hits five-week high; RBI measures starting to aid

The rupee hit a five week high on Friday as the RBI's measures to tighten the liquidity in the market started to reflect on the currency. The rupee closed at 59.04 per dollar.

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Tightening Measures

But for RBI move, rupee may have fallen to 63: BoA

Rupee hits five-week high; RBI measures starting to aid