Tag: Indian rupee US dollar
Rupee breaches 81, policy challenge: let it find its value or burn forex, hike rates
As the rupee breached the 81-mark to the US dollar intra-day Friday, policy makers in New Delhi are in a dilemma with the Reserve Bank of India (RBI) [...]
Centre intervening to cushion Re slide, boost dollar inflows
With the rupee weakening to record low levels and the RBI reportedly preventing it from falling below 80 against the US dollar last week, government s [...]
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